Bargain hunters have continued to purchase technology stocks, sensing opportunity, and the Nasdaq 100 rose to 7600 today, making this weeks retracement rally now over 300 points, and counting.
However, with each higher level reached, NDX buyers have ran straight into big money sellers, looking to liquidate positions above, with the 15 Minute "Know Sure Thing Indicator ". crossing into a Sell Signal this afternoon.
Once again, the bulls are gaining ground in pushing NDX higher, however they are being met with key resistance selling, which is keeping the rally from making more important progress to the upside.