| Looked at one way, the Nasdaq's correction last week was nothing more than a retest of its April 1 downtrend line breakout (see first chart below). The action the last three days formed something of a bullish evening star, and the index finally took out its 50-day moving average today, but the index still has some tough resistance ahead at 2032, 2042, 2057 and 2079. Support is 2015, 2007, 2000, 1989-1991 and 1982. The S&P (second chart) faces resistance at 1138-1140 and 1145-1146, and support is 1132-1133, 1128-1130, 1126 and 1120. The Dow (third chart) has resistance at 10,500, 10,520-10,530 and 10,570, and support is 10,400, 10,376-10,390 and 10,322.
 CyclePro U.S. Stock Market Outlook::
Fundamental and Technical Market Analysis. ForStock Indexes and Commodities Following that a very strong rally should commence that decisively takes out
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The Wagner Daily ETF Report For June 30::
be sustainable, unlike numerous rally attempts that have failed in in 2001 that provides daily technical analysis of the leading ETFs and stocks.
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Technical Analysis. Trading Rules. Quote of the Day. About. Terms of Use & Disclaimer decliners by 3-to-1 on the NYSE and by more than 2-to-1 on the Nasdaq.
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The Elusive NASDAQ Bottom - Print Version::
bubble had finally run out of steam after a once-in-a-lifetime mania rally. Unlike most on Wall Street, I will not mislead you and attempt to assert that I
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Technical Analysis: Nasdaq Builds On Rally Attempt