ndx100dualresistanceaprilfoolsapr1CLICK ON CHART TO ENLARGE

Double tops don’t matter! ¬†Happy April Fools Day friends!

NDX 100 closed the month/quarter around 1.4% below the close on 3/31/2000. Is a “Double Top” in play 15-years later?

The monthly close has the NDX facing a resistance line that is tied to a could of key price points in 1990, 2002 and 2008. This combo sets up a dual resistance test for this key tech index.

No joke…. A breakout above these two lines would be a positive for tech stocks!

 

 

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