Nasdaq-100 outlook for September 11, 2014

Impressive day for Nasdaq-100 that made back all of yesterday’s losses. We are at the higher end of the 4.050-4.100 consolidation range that has been prevailing in the last two weeks. Chances favor a new multi-year high for the index tomorrow or on Friday, as a breakout from the recent price range, preferably with high volume. There is a lot of support at the psychologically important 4.000 points mark.

NASDAQ-100, daily chart:
NDX_daily_20140910

Chart courtesy of StockCharts.com. http://stockcharts.com

Please read the Disclaimer!

RECEIVE THE TRADING REPORT FREE OF CHARGE FOR 2 WEEKS BY SENDING ME AN E-MAIL AT: THETRADINGSTRATEGIST@YAHOO.COM !!!