Nasdaq Stock Chart - The following is Technical Analysis for the Nasdaq ( IXIC ) for 7/1/09Nasdaq Composite Index (.IXIC) Support & Resistance Levels - July 1, 2009
Resistance Levels: 1855, 1877, 1897
Support Levels: 1800
http://stockcharts.com - Chart
The Nasdaq continues to be the strongest average out of the 3 major ones. As you can see, the retest of the 50 day moving average last week was bullet proof and now the Nasdaq is trading back over 10 day moving average. I will be bullish on technology stocks until the 10 day moving average breaks down through the 50 day moving average. There is major resistance around 1897-1900 however. Look for the Nasdaq to be the leader if another rally occurs. For More Technical Analysis - Go Here
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