Wednesday, February 15, 2017

Nasdaq (update)

And the rally continues...today we saw prices push through the top of my 1st resistance zone @ 5198-5306.  My next resistance zone comes in @ 5350-5410.  This area is stronger than the 1st resistance zone and I'm very interested to see it reach it.  There's a fib cluster of four 361 extensions from the 4 main measured moves.  There's also a S2 resistance pivot @ 5350.75, which comes at the bottom of this range.  I will be looking for any signs of a top in this area or if something develops sooner.

 

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