TechTrader79

Nasdaq shares similar chart patterns to SPX

NASDAQ:IXIC   Nasdaq Composite Index
This chart of the Nasdaq Composite , has similar pattern to the S&P which tells the story of the overlapping composition in the indices especially within the Info Tech sector. Measured using anchors from late June to the highs made recently we appear to be trading just above the halfback and clearly above Fib 61.8 and 78.6 lines.
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