Monday, September 14, 2009

9/14 After close


Nasdaq and $SPX pulled back in the ealry morning, but they found strong support at 2065 and 1035, respectively and closed with some gain. $SPX closed above important resistance at 1044, which is short term bullish. For Nasadq, short term support is 2065, 2050, resistance: 2150. For SPX, support is 1044, and then 1035, resistance: 1080 - 1100. When the up trend is strong, the best approch is to let the profit run until the short term support/trend line is broken. Remember to use stop for any trades.

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