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
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.
