The NASDAQ 100 futures rose during the Wednesday session but found trouble in the 2700 level yet again. This 2700 level looks to be a bit like a brick
The NASDAQ 100 futures rose during the Wednesday session but found trouble in the 2700 level yet again. This 2700 level looks to be a bit like a brick wall at this moment in time, and as a result we figure that the NASDAQ will continue to struggle until it gets above that level. In the meantime, we think this is a short-term trader’s type of market as we bounce around between the 2620 and 2700 level. Using 15 min. chart will more than likely be the route to go, and the closer we get towards the bottom, the more we want to buy. Of course, the closer we get to the top, the more we want to sell.
NASDAQ 100 Futures Forecast December 13, 2012, Technical Analysis
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
