spx versus nasdaq
When we take a look at the S&P chart compared to the NASDAQ (leader of the market) chart, we can definatly tell there are some differences.
S&P - This has broken a MAJOR uptrend line.
NASDAQ - We have been travelling up in nice upwards channel and so far it seems this has not been breached. That is bullish in my eye, however there are a few headwinds infront of us with the debt ceiling and economical issues. But as my readers know, charts are already first, news is only for those that want to wake up in the market and need to have a laugh in the MORNING!
For now the NASDAQ seems to be sticking out at me, as technically it looks very nice, and has been in a steady as she goes approach.
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