Posted by Danny on July 16, 2012
Another up and down week with most indexes ending the week little changed.
Our lunar Green Period is about flat so far, but there is another week to go.
Here is the current chart for the Nasdaq Composite (click for larger image):
The market briefly tested the support around 2850 and then rallied swiftly.
It should now go on to test the 3000 resistance level again.
A drop below 2840 would be a major sell signal.
Good luck, Danny