NASDAQ 100 breaks out again

Forex Signal February 7, 2017
February 6, 2017
Forex Signal February 8, 2017
February 7, 2017

NASDAQ 100 1-hour

NASDAQ 100 breaks out again

Without a doubt, some of the best stock market trading has been in the United States recently. During the session on Tuesday, we have broken out solidly in the NASDAQ 100, and this offers a significant trading opportunities in the days ahead. As you can see, I have attached the 1 hour chart of this market, and we have clearly broken above the 5172 level, which was the previous time. Currently, I believe that buying pullbacks will continue to offer value for traders going forward, as the US economy continues to outperform most others.

NASDAQ 100 leads the way

With the correlation between US indices, it is likely that the Dow Jones Industrial Average and the S&P 500 will follow right along. This should in turn send people looking for dollars also. The markets have been in a strong trend for some time, and this breakout is just the latest iteration of this strength. The 5172 level should now serve as a floor, and pullbacks are buying opportunities as long as we can stay about it. We remain overly bullish.

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