RunningAlpha
Long

Get Ready for another vigorous follow-through rally in NASDAQ100

INDEX:IUXX   Nasdaq 100 Index
Running Alpha Capital Market's Sentiment Jet-Stream indicates, with high-conviction, that: If NASDAQ 100 Futures trades above 4236.25 and 4442.50, and especially 4454.50 for an interval of more than 8 minutes, then the current rally off the lows should become very aggressive to the upside imminently thereafter. Otherwise, stay tuned for updates. 4340 and especially 4355.25 is the equivalent price zone that must be broken out top-side, in order to confirm the follow-through rally. This signal setup is valid into early part of Monday, August 31st, 2015. If signal setup is not triggered and does not become active, then further updates will be provided at RunningAlpha.com.
Typo -- In the above post, the reference to 4236.25, 4442.50 and 4454.50 should read as 4336.25, 4342.50 and 4354.50, respectively.
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The Follow-Through rally in the NASDAQ 100 Index, as referenced in the above commentary, would only materialize if there is a breakout above resistance, which currently rests at 4355.25. Until this happens, market can consolidate and sell-off over the short trerm.
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