Nasdaq-100 closed at a new multiyear high last night, above September’s 4.100. This is now the major support that will likely be retested (maybe next week), but has to hold for this crazy stock market rally to continue. All bets are off about when and how this central bank induced advance will stop.
NASDAQ-100, daily chart:
Chart courtesy of Investing.com. http://investing.com
Please read the Disclaimer!
RECEIVE MY TRADING REPORT FREE OF CHARGE FOR 2 WEEKS BY SENDING ME AN E-MAIL AT: THETRADINGSTRATEGIST@YAHOO.COM !!!