Technical analyst Dave Chojnacki of Street One Financial recaps Tuesday’s market action and looks ahead to the Wednesday session with a close look at the important technical levels for the major U.S. indexes, as important Fed testimony looms.
Economic reports were not stellar on Tuesday, and the major averages opened to the downside. We then witnessed the Nasdaq 100 (NDX) outperforming to the upside as Techs were again catching a bit of a bid.