The JUN'09 NASDAQ100 jumped higher in an impressive show of strength. If this move is for real it will maintain a trade above the 1373 Inflection Pivot. Any test of this support will be short lived with only 1 headfake squeeze if yesterday's positive signal is going to follow through.
A breach of the 1409.75 resistance is needed to confirm the positive signal targeting 1472.75 on any held advance.
A held trade below the 1373 Inflection pivot and a sideways digestive trade is expected. Only under the 1337-1335 support does sentiment shift negative.
JS
Identifying MARKET STATE, STRUCTURE and STRATEGY solutions
