Nasdaq 100 and the Russell 2000: Update
July 8, 2010 Analysis from Chris Kimble
In recent weeks veteran technical analyst Chris Kimble has been closely following the Nasdaq 100:
This morning he gives us another update.
Chris comments: Nasdaq 100 and the Russell have remained in leadership roles.
Neither of these leaders has broken its necklines.
After scoring on defense in the Nasdaq 100 last week, harvested gains at neckline support, we bought the Nasdaq 100 at the opening on Tuesday.
Decent two day gains are in place right now after bouncing off "neckline support."
So far these positions are on target for expectations. Further comments will follow as the indexes approach critical falling resistance.
For feedback or more information, email Chris at KimbleChartingSolutions@gmail.com.
