Here's another chart from technician Chris Kimble, with a look at the Nasdaq 100 (NDX) as we head into earnings season:
The Nasdaq 100 is attempting to break resistance and climb back into a multi-year rising channel where it spent four years with a brief head fake above the channel at the market peak in 2007.
Investors will want to be "all aboard techs" if the resistance gives way!
Intel reports earnings after the close today. This could get interesting.
Chris emailed this chart a couple of hours before the market closed. The recommendation to investors is Chris's, not that of dshort.com. However, as I post this, Intel is up nearly 4% in extended trading.
Here's another chart from technician Chris Kimble, with a look at the Nasdaq 100 (NDX) as we head into earnings season:
