NASDAQ 100 Futures forecast for the week of December 17, 2012, Technical Analysis

The NASDAQ 100 futures rose during the week, only to fall back down in the end. We are getting towards the end of the year, and the liquidity of markets in general will begin to fade. Because of this, the moves will become a little bit more erratic, and safe technical analysis will be more and more difficult to come by.

Right now though, it looks like this market is stuck between 2500 and 2700. Because of this, we think that if you had to take a position at this point time, it would have to be to sell. However, we think that the 2600 level is also somewhat supportive, so it is good be very difficult to trade anything remotely close to a long-term chart in this market until we either get above the 2700 level, or below the 2500 handle.