The NASDAQ futures fell during the Friday session as the markets softened up a bit in general. The 2600 level just below looks supportive though, and as a
The NASDAQ futures fell during the Friday session as the markets softened up a bit in general. The 2600 level just below looks supportive though, and as a result we essentially look of this market is consolidating between that 2600 level and 2700. Because of this, we think that a buying opportunity could come on Monday, but truthfully we do not have a price action to feel good about the trade, so this may be a trade set up that’s best left to the scalpers that are more in tune with the five-minute charts and the like.
NASDAQ 100 Futures Forecast December 17, 2012, Technical Analysis
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
