Nasdaq Comp

Wednesday, April 2, 2008

Nasdaq Comp tests resistance at 2375/2382 (2376.62 +13.87) -Update- -Technical-

Resistance noted in The Technical Take at 2375/2382 (congestion, Mid-Feb high, early Feb gap top) has been tested on the recent push to a new session high (2381.21). Intraday supports at 2369 and the 2362/2359 area with a posture above keeping the trend day action noted throughout Tuesday intact. Initial resistances above are at 2390/2395 and the 2400 area.