NASDAQ100 Gives Up an Early Rally for Thursday -
Enter your emailThis is a market that looks bearish, and it should continue to be NASDAQ 100
initially shot higher during the trading session on Thursday but then turned around to show a relatively negative look. That doesn’t mean that we must fall from here, just that it shows how we are starting to struggle with any type of bigger move., that would obviously be a very bullish site, but I think the upside is somewhat limited at this point.If we were to break above the top of the candlestick, the next target I believe would be the 50-Day EMA. The 50-Day EMA is sitting right around the 12,633 level and is dropping.
This scenario will continue to be one that I returned to, shorting this market on short-term charts as I believe we will continue to go much lower.
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