You can see what the Nasdaq has been doing for the past few days - nothing.
There is serious overhead resistance. Unless it breaks through the easiest path is a 61% retracement and fill the gaps below and try again.
Again if the trendline get broken all bets are off.
Nasdaq is better at filling gasps better the SPX.
Kommentera:
This is resistance was broken this afternoon, there is still resistance about 90 points higher.
Kommentera:
I just noticed the previous resistance became support at the close