CHARTS
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http://investmenthouse1.com/ihmedia/f/charts/sp500.jpg
http://investmenthouse1.com/ihmedia/f/charts/NASDAQ.jpg
http://investmenthouse1.com/ihmedia/f/charts/DJ30.jpg
http://investmenthouse1.com/ihmedia/f/charts/RUTX.jpg
http://investmenthouse1.com/ihmedia/f/charts/SP400.jpg
http://investmenthouse1.com/ihmedia/f/charts/SOX.jpg
http://investmenthouse1.com/ihmedia/f/c ... daq100.jpg
NASDAQ 100 gapped and rallied over the old high on Wednesday but reversed. Thursday it advanced to challenge the highs again, but closed just below that resistance, showing a doji. This week some seriously important large cap NASDAQ stocks report of course that will bear upon NDX' action at the resistance.
DJ30 is bumping the last resistance level from January 2018 the last resistance before the September/October peaks, the latter the all-time high. Same story here: can it punch through given the strength of the so-called old economy stocks?
SP500 bumped the late August 2018 peak and backed off, but is holding well at the 10 day EMA. Four weeks upside, hit penultimate resistance, paused. Logic says it tests, but earnings are coming in better than expected and helping lift stocks initially -- as we anticipated.
NASDAQ Broke into no-man's land the past week, surpassing penultimate resistance and now looking at the late August all-time high. Four week run, reversed a solid upside Wednesday gap. It will need solid earnings this week to push it at that old high.
Source: Investment House