The following is Technical Analysis for the Nasdaq ( IXIC ) for 3/18/09Nasdaq Support & Resistance Levels - March 18, 2009
Resistance Levels: 1472, 1500, 1556, 1600
The Nasdaq gained back all of the losses yesterday and broke through recent high of 1445. The 50 day moving average has now come down to 1472 which provides additional resistance as does the 1500 level. Tommorrow will be a big test for the Nasdaq! Support of 1400 has held over the last few days and this is a very positive sign. A break below 1400 would take the Nasdaq down for a retest of the 10 day moving average. I will be watching how the Nasdaq reacts over the next several weeks at the 50 day moving average. For More Technical Analysis - Go Here
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