As the NAS100 breaks out of the resistance at 9k, we see a classic retest of previous levels. Time will tell if the massive bailout will push the indexes higher from here or if the breakout is only temporary and economic factors and uncertainty take the lead. A strong plunge back under 9k (now support) will invalidate the breakout.
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With Amzn and Aapl releasing poor earnings results, this is bound to return under 9k again. Prepare for big volatility.
