Nasdaq Making a Move to the Upside
Daily Chart: The Nasdaq has been lagging the S&P and Dow. Last Thursday, the Nasdaq gapped up and registered a "clean" bar above the 50-EMA, and it broke above the descending resistance line of a triangle. At the same time, the +DMI just barely crossed over the -DMI (the -DMI had been dominant since February 22nd). So for now, we're anticipating that the index will continue testing upward. The last high in March was 13,620.