Is the NASDAQ 100 Stuck or Just at a Very Important 'Testing Level'?

By: Marty Chenard | Tue, Sep 4, 2012
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The answer is ... "a very important testing level" as you will see in the chart below.

There are two important testing levels being faced at the same time now. The first is the April 7th. Weekly High of 2795.35 needs to be taken out and then second, the Fibonacci 50% level of 2806.20 needs to be taken out.

The question for analyst is: Will this turn out to be a double top, or a continuation move that goes beyond the double test resistance levels?




Marty Chenard

Author: Marty Chenard

Marty Chenard
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