Nasdaq Support & Resistance Levels - February 23, 2009
Right now the Nasdaq has support at 1417-1420 but a break down below this range would bring a retest of 1400. I'd expect 1400 to hold unless there is really bad new out there. I will be buying anything at or below 1400 for a nice bounce. On the upside, the Nasdaq will have resistance between the 1500-1513 area and would probably stall if it gets there any time soon.