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Sellers Apply Pressure; Shorting The NDX

ByDeclan Fallon
Published 06/24/2015, 11:56 PM

Again yesterday, too-and-fro the markets continue their dance. Despite the selling, there was no handing of control over to bears. The S&P ducked below 2120, but key resistance is at 2,134. Technicals kept their net bullish technical strength

SPX Daily

NASDAQ losses didn't drop to challenge 5,096 yesterday, but today is a chance to deliver on this. Buyers can be patient enough to wait for this before committing.

COMPQ Daily

The Russell 2000 is another index working on a retest of the breakout. Support at 1,278 is open for a retest later today.

RUT Daily

The NASDAQ 100 was a little different. It hadn't cleared resistance and yesterday's selling leaves it more open to an attack by shorts as resistance is confirmed at 4,550.

NDX Daily

For today, bulls can look for a retest of breakout support in the Russell 2000 and NASDAQ. Shorts can look to the NASDAQ 100 for their opportunity.

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