
A SLIGHT HESITATION AS NASDAQ AT RESISTANCE
To gain an edge, this is what you need to know today. Hesitation At Resistance Please click here for a chart of Nasdaq 100 ETF (QQQ). Note the following: The chart shows that Nasdaq has rallied right to the resistance level. The chart shows that RSI is very overbought. The chart shows that the volume during the rally is relatively low. Nasdaq is experiencing a slight hesitation. Such hesitation is common when the foregoing three conditions are met. It is likely that there are stops of short sellers right above the resistance line shown on the chart. Expect bulls to attempt to