NASDAQ 100 Index Futures Forecast December 6, 2012, Technical Analysis

On a day where we solve the Dow Jones Industrial Average gained strength, the fact that the stock for Apple fell precipitously was the major reason for the NASDAQ falling in general. Because of this, we felt to the 2630 area which is considered to be supportive. However, we did close of the very lows for the session, and this of course does suggest that perhaps we are getting ready to fall again.

With that being said, if we can break down below the 2620 level, we are comfortable selling this market and believe that we will aim for the 2580 level in the short-term. As for buying, we would have to break above the all-important 2700 level which of course is something a looks very unlikely at this moment.