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Market Maintains Footing to Close Slightly Higher
Closing Technical Market Analysis for Fri April 17th 2009
Market Maintains Footing to Close Slightly Higher
By Harry Boxer, The Technical Trader (www.thetechtrader.com)
By Harry Boxer, The Technical Trader (www.thetechtrader.com)
The indices managed to eke out gains at the close, but had an uneventful end to the week on options expiration day.
The day started out to the downside, and they were lower for most of the morning, but when support held at 1340 on the Nasdaq 100 and 860-61 on the S&P 500 on 2-3 occasions in the morning, they started to rally. A slow, steady climb accelerated in mid-afternoon when they reached their session highs at just over 1361 NDX and 875 SPX. They came down, retested, and bounced again up near the highs, but couldnFor more of Harry Boxer, sign up for a FREE 15-Day Trial to his Real-Time Technical Trading Diary. Or sign up for a Free 30-Day Trial to his Top Charts of the Week service.
