Today we will analyze the index NASDAQ Financial USA (IXF) for internet stock trading in the INDICES stock market,
Stock Technical indicators to notice in NASDAQ Financial USA (IXF)
1- Last bullish trend was from 2,120.51 $ (4/10/2012) to 2,192.92 $ (4/27/2012) a 72.41 $ move 2- The current bearish trend started from 2,192.92 $ at 4/27/2012 and is currently trading at 2,127.69 $.
3- IXF current support level is at 2,120.51 which is the 100.00 % fibonacci retracement of the last 72.41 $ move.
4- IXF current resistance level is at 2,148.17 which is the 61.80 % fibonacci retracement of the last 72.41 $ move.
5- According to ADX Indicator, the trend is currently bearish, which is getting stronger.
NASDAQ Financial USA (IXF) Short term stock chart patterns for internet stock trading :

6- The Index formed a 184.490 $ height triangle which was broken down at 2,150.440, target of the pattern is 1,965.950.
NASDAQ Financial USA (IXF) Mid term stock chart patterns for internet stock trading :

7- The Index was resisted by a resistance line, identified by two points: 1,993.380 and 2,014.040 that was broken up at 1,926.110 transforming into a supporting line.
NASDAQ Financial USA (IXF) Long term stock chart patterns for internet stock trading :

8- The Index traded in a bullish stock channel identifed by support at 1,783.190 and 1,665.720,resistance between 2,014.040 and 1,895.760 which was broken down at 2,117.130.

Stock Trading Conclusion:
NASDAQ Financial USA (IXF) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .

Stock Resistance Levels : 2,138.77, 2,143.08, 2,148.17, 2,152.61, 2,156.71, 2,160.30, 2,165.26, 2,166.92, 2,168.00, 2,175.83, 2,192.92,.
Stock Support levels : 2,120.51, 2,100.81, 2,075.76, 1,965.95,.