The NASDAQ 100 futures rose slightly during the session on what looks to be relatively quiet volume. We are still within the realm of consolidation, and
The NASDAQ 100 futures rose slightly during the session on what looks to be relatively quiet volume. We are still within the realm of consolidation, and it currently looks like the 2640 level will offer support going forward. However, 2700 is very obviously resistance, and until we get above that level we have to believe that this market will be making “micro moves.”
With all this being said, we feel this is a short-term traders market. However, we feel it is more bullish and bearish currently, and as long as we are above the 2620 level, it would not surprise us to see this market go much higher in the end.
NASDAQ 100 Index Futures Forecast December 11, 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.
