A very very nice day for bulls !
As predicted last night, 1750 is the key level for NASDAQ !
And today the market just fluctuates around the key level 1750. But finally, the bulls win, because it stands above 1750 at the close. More important, it closed above the year line with about 10 points gain !
Very nice.
In addition, VRTU has a small run up today with about 5% gain. Once breakout 8.50, it should shoot up to 10 very quickly. The initial call of VRTU is here. Click the link for the initial chart set-up.
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I understand you watch the wkly 40MA as year line, but just FYI, daily 200EMA is slightly higher at 1756 now, which is exactly today's close. Envy you have a good trading day everyday! --- 90ufo
ReplyDeleteThe year line is 50 weeks MA. For Nasdaq, it is 1745.54. Tiger
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