Thursday, May 10, 2012

COMP More Sell Signals To Come?

Nasdaq Composite index, COMP, has given several sell signal in recent weeks.

COMP breached several key support levels and it is now testing another important level at 2890.

If COMP falls below 2890 the next important level of support is at 2750.

Meanwhile, Apple is close to its crucial support level at 550-560. If Apple breaks that level will probably COMP almost certainly go below the 2890 level of support.