The NASDAQ 100 futures broke through the 2700 level in one big move on Tuesday, showing an extreme amount of bullishness in this market. We are now broken
The NASDAQ 100 futures broke through the 2700 level in one big move on Tuesday, showing an extreme amount of bullishness in this market. We are now broken out, and it looks like we could continue much higher. We think that the next logical target would be 2780, and as a result we are willing to buying this market on a pullback that shows signs of support, as well as a break of the highs from the Tuesday candle. For selling, we simply will not think about it at this point time because we see this market as being far too strong in the short-term to do so.
NASDAQ 100 Futures Forecast December 19, 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.
