Wednesday, May 25, 2011

Russell In Trouble

The Russell 2000 broke below its trendline support and its 100 SMA near the 816 level, and this could spell trouble. Next likely test for support will be the March 2011 gap at 795.





The SP500 came within 0.11 point on filling its April 2011 gap. If it doesn't close above the 100 SMA, look for 1295 to be the next likely level to test for support.





The Nasdaq 100 filled its April 2011 gap and next potential support will be near the 2255-2260.




Share It