Nasdaq Forex Signal: Defying gravity :
Get DailyForex analysis to your emailOne thing to be concerned about is that after a move like this, there is almost always a significant amount of selling pressure given enough time, as traders will continue to look at this through the prism of whether or not it is overbought. shot straight up in the air on Friday, as we have now broken above the psychologically important 14,000 level.
With this being the case, I think the NASDAQ 100 probably continues to go much higher, as we have finally seen a lot of resistance broken above.As I write this article, we are threatening a major area of resistance yet again, and considering that we have gotten there in the blink of an eye, and as I write this it’s only the Americans left, it does make a lot of sense that Wall Street will push this market much harder, and send it to the upside over the next couple of sessions.
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