Bulls need to break out for a home run.As shown in today's NASDAQ daily chart, as well as previous daily charts. The three supprot levels for bulls, which is presented last week in the blog, so far works pretty well. As long as these levels holds, the bullish trend will be safe.
As mentioned last night, the first level of support was broken yesterday, and today, the bulls have not brouht it back, as shown in the chart. This is not good for the bulls. However, today the next two levels of support for bulls performed very well.
Last week, we have called NASDAQ 1900 soon ? So far, it seems very expectable, especially if the anticipated breakout is successful.
Remember, bulls never die if the bears are still around !
