Click on chart for larger view.A great day for the Nasdaq which is outperforming the INDU and SPX by almost 2 to 1. It's the first day of the month and this is institutional money in play. We could possibly break resistance by the end of the afternoon if momentum continues. The SOX is getting a big boost here today and this may set the tone for the coming days and weeks.
This is a 15 minute view of the Nasdaq with support and resistance points.
Good Trading!
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