Seven out of 11 is 64% of the time. If you include the three times that the market didn't really go up or down, odds have been 10 out of 11 (91%) that the Nasdaq drifts sideways or higher.
The next intraday layer of Nasdaq resistance is at 1777-1791.
There is a gap in the price chart which was created by the downside opening on Feb. 19, 2002. That gap is 1791.01 to 1801.67. Considering the intermediate term indications of continued strength (from the 60 minute bars) I think this gap should get filled in tomorrow's (Tuesday's) price action. Nasdaq resistance above the 1803 level becomes thick at 1820-1847. I think any print above the gap (Nasdaq prints above 1803) will bring sellers to the market in Tuesday's session.
The Nasdaq has a well defined band of intraday support at 1752-1734; there is a focus of support inside this band at 1747-1740.
The S&P 500 has well defined intraday support at 1102-1093. The S&P 500 has thick resistance at 1116-1139.50 with a focus of resistance at 1126-1130. Cherney is market analyst for Standard & Poor's