NASDAQ 100 Index Has Quiet and Shortened Session -
Open a demo account to test your knowledge or take advantage of low minimum deposits to try your strategies in a real account. Don't wait to take advantage of today's volatility!What I do look at is the fact that we had recently broken out, pulled back to the 50-Day EMA, and continue to consolidate in this area.
It’s as if the market is trying to figure out what to do next, and you can even make a bit of a bullish flag if you were to squint just a bit.However, you also need to keep in mind that thecomes out on Friday and a lot of people will be trying to figure out what the Federal Reserve is going to do next. It unquestionably will be influential, as traders look at liquidity as the majority of the reason to trade stocks.
We have recently formed a bit of a “W pattern”, which of course is very bullish as it is not only a double bottom, but it is also considered to be aWe could get a bit of a “Santa Claus rally” for the rest of the year, as money managers trying to buy all of the popular names in order to show their customers that they are invested “correctly.”
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