Nasdaq Composite edges back after test of initial resistance (2079.95 +7.39) -- Technical --
The index jumped higher off the open but stalled on a test of initial resistance mentioned in the Technical Take in the 2080/2083 area (S&P 500 held at 1179/1180). The pullback has been contained thus far with a continued posture above 2074/2072 encouraging on an intraday basis. Next resistance is a minor congestive zone near 2087/2088 with a more important barrier intraday and on a closing basis in the 2091/2094 area (50 day ema, highs of last two days