Testing Purposes 1

The NASDAQ 100 has exploded to the upside during the trading session on Tuesday, breaking above the handful of technical indicators that I had been paying attention to. For starters, we got above the crucial 8500 Price, which is a large, round, psychologically significant figure. Even more importantly was the fact that 8500 was the top of a gap where the market had shown so much in the way of negativity. Now that the gap has been blown through like it wasn’t even there suggests that this market is going to continue to go much higher. Ultimately, this market looks as if it is going to go racing towards the $9000 level which is the next major resistance barrier.

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.