Nasdaq, S&P Continue Higher

04/16/2010 9:09 am EST


Thomas Aspray

, Professional Trader & Analyst

Click to Enlarge

Powerful action this week in both the Nasdaq and S&P 500 makes the resistance from 2008 the next major barrier. The McClellan Summation Index is positive on both, but still looks stronger on the Nasdaq, which is now close to the 2008 highs at 2550. There is further resistance at 2650-2700. Now that the S&P 500 has cleared 1200, the next band of resistance is at 1265-1315. The S&P is well below the 2008 highs at 1425.

  By clicking submit, you agree to our privacy policy & terms of service.

Related Articles on STRATEGIES

Keyword Image
MSG Networks: A Sporting Chance
12/12/2018 5:00 am EST

Validea is an advisory service which assesses stocks based on the investing criteria of many of the ...