The following is Technical Analysis for the Nasdaq ( IXIC ) for 3/19/09Nasdaq Support & Resistance Levels - March 19, 2009
Resistance Levels: 1500, 1556, 1600
The Nasdaq continues to break out to the upside and has ended over the 50 day moving average. The Nasdaq broke 1500 today but then pulled back. If we close over 1500 tomorrow we could be headed back into the 1550-1600 range. The 50 day moving average at 1470 now becomes support. A close below this level from here on out will be a sign of weakness and we will have to see how the 10 day holds up. If the Nasdaq can hold these levels, the 10 day could cross the 50 day and provide another bullish signal. For More Technical Analysis - Go Here
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