Similar to the Dow Jones index, S&P500 and Nasdaq is also following the big brother swinging up and down in a sideway market.
Support & Resistance of S&P500 & Nasdaq Sideway Market
S&P500’s resistance is 920 and support near 800. Nasdaq’s resistance and support is 1,600 and 1,400 respectively. I do believe that the market will continue on this sideway market for the next 2 months.
You can use a sideway strategy to short at resistance and long at support. This is a useful trading strategy you can adopt during this tough period of time to make some pocket money.
-
- S&P 500 Stock Market Trends Feb 2009
-
- Nasdaq Stock Market Trends Feb 2009
DISCLAIMER: This information is used for learning purposes only. It does not constitute an offer or solicitation to buy or sell. You should do your own analysis on top of my postings.
Welcome back to InvestMoneyLab, you can now join our Facebook Friend of InvestMoneyLab to get a FREE Book by T. Harv Eker Now! You can also receive latest profitable trading system and stock picks for free in future. Thanks for visiting!
