The semiconductor index encountered similar resistance and tomorrow will be a big day for the it; a break could set up a run to the 200-day MA
Breadth indicators for the Nasdaq are all bullish (once more); perhaps there is more to the 'Santa Rally'? Best of all, the Percentage of Nasdaq Stocks Above the 200-day MA made sharp gains, suggesting more stocks are turning long term bullish.
Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, market alerts and stock charts website