The NASDAQ 100 futures rose slightly during the session on Friday, but found quite a bit of resistance at 2700 again. This level looks like it's going to
The NASDAQ 100 futures rose slightly during the session on Friday, but found quite a bit of resistance at 2700 again. This level looks like it’s going to be a significant barrier for the buyers to get over, and until we do is going to be difficult to go long of this market. With that being said, we do see quite a bit of significance in the hammer from the Wednesday session, which of course suggests that there is quite a bit of support at 2600. Because of this, we expect a sideways market over the next several sessions.
NASDAQ 100 Futures Forecast December 3, 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.
