NASDAQ 6,963.20
The NASDAQ is approaching a potentially important level taking it from it's 2nd level of 9 into the first. Below 6,963.20 is 6,937.60 which will help signal if the NASDAQ bounces at this level or continues to move lower. Further down is $6,758.40 which is the line between the 1st level and the previous 9th level. Taken together with the DJIA repeatedly falling back into its 6th level (hinting at deceleration), the NASDAQ nearing 6,963.20 warns us that further deterioration could occur unless the market finds its footing.
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