FX:NAS100   NASDAQ 100 Index
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My prediction of yesterday was incorrect. NASDAQ (and DOW) rose to break through the blue Downtrend Resistance Line. The new Channel that emerges faces upwards. Early morning sees European markets opening higher, but Bull-Bear tug-of-war very active. Who dominates will be a clue as to whether NASDAQ is at a peak. I would not bet on it rising higher, but expect a downswing.
Well, as morning progresses, it seems a draw between Bulls and Bears in Europe. Translating across the Atlantic, I expect a levelling at current level for the moment.
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