While reaching 1700 seems like a foregone conclusion, I’m more interested to see how the market responds to this level after it is reached. Will the market automatically sell? Will the bulls push price way beyond 1700 to make a statement? Will price hang around 1700 for some time as bulls and bears jostle for position? The answers to each of these scenarios will give us a better understanding of how the market may play out in the days and weeks ahead.
The E-Mini NASDAQ 100 has been coiling within a rather tight range over the last two months, which could pave the way to an impressive breakout soon. Here’s why…
The NASDAQ 100 Index has rallied quite nicely after bouncing off key support early last week. However, price has run into key resistance, which could shift the power over to the bears en route to another round of selling pressure. Here’s why..
The NASDAQ 100 Index ($NDX) has honored clear support and has also formed a very bullish candlestick pattern that could lead price higher. Let’s take a look.
