The NASDAQ 100 Index futures moved around sideways during the Thursday session, but eventually ended up sitting on top of the recent cluster that should
The NASDAQ 100 Index futures moved around sideways during the Thursday session, but eventually ended up sitting on top of the recent cluster that should cause support in this marketplace. However, it should be noted that we closed underneath the 2700 level, and this of course is fairly bearish. With this being said, a move below the 2680 level looks like a return to consolidation as far as we can tell, and as a result should become a short-term trader’s paradise as we simply go back and forth between 2700 and 2620.
NASDAQ 100 Index Futures Forecast December 21, 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.
