Even more impressive is the fact that we ripped through the 61.8% Fibonacci retracement level like it wasn’t even there, so at this point it looks like the NASDAQ 100 is simply going to continue to rocket higher. Pullbacks at this point will more than likely be looked at as value, as a lot of the major firms on Wall Street have already suggested that the bottom of the stock market was in. At this point, it very well could be true, but a pullback certainly needs to happen sooner or later. That being said, this is a completely electronic marketplace and therefore has been the domain of high-frequency trading for ages. This is what the machine can do, push the markets around drastically.

Even more impressive is the fact that we ripped through the 61.8% Fibonacci retracement level like it wasn’t even there, so at this point it looks like the NASDAQ 100 is simply going to continue to rocket higher. Pullbacks at this point will more than likely be looked at as value, as a lot of the major firms on Wall Street have already suggested that the bottom of the stock market was in. At this point, it very well could be true, but a pullback certainly needs to happen sooner or later. That being said, this is a completely electronic marketplace and therefore has been the domain of high-frequency trading for ages. This is what the machine can do, push the markets around drastically.

Even more impressive is the fact that we ripped through the 61.8% Fibonacci retracement level like it wasn’t even there, so at this point it looks like the NASDAQ 100 is simply going to continue to rocket higher. Pullbacks at this point will more than likely be looked at as value, as a lot of the major firms on Wall Street have already suggested that the bottom of the stock market was in. At this point, it very well could be true, but a pullback certainly needs to happen sooner or later. That being said, this is a completely electronic marketplace and therefore has been the domain of high-frequency trading for ages. This is what the machine can do, push the markets around drastically.