KrunchieKilleen
Short

NASDAQ 100 THREATENS BREAKOUT

FX:NAS100   NASDAQ 100 index of US listed shares
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The NASDAQ 100 has been rising since 2009 and is now at the top of the range of its uptrend. The graph looks like it might break out of this range, but fear of a fairly imminent FED interest rate rise should keep share prices in check. I guess that, instead of breaking out, it will tumble towards the bottom of the range.
Hi, what are your thoughts now?
Reply
I still expect a substantial downswing. Prices are buoyed up by low interest rates, which can't be continued. Anticipation of rising interest will suck money out of equities - soon.
+1 Reply
IvanLabrie PRO KrunchieKilleen
Indeed, it'd be logical to get some whipsaws due to this.
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