While we wait for this morning's weekly unemployment claims and Uncle Sam's second estimate for Q1 GDP, technical analyst Chris Kimble gives us something to ponder.
Chris comments: The Nasdaq 100 is testing it 38% Fibonacci levels based upon the tech bubble highs back in 2000 and a key support line drawn from the 2009 lows.
Support is support until broken. Should this "Tech Support" fail to hold, long positions should be a bit challenged!