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The NASDAQ 100 had a bullish session during the training session on Monday to kick out the week, but as you can see, we are still below the crucial 8000 level.
The S&P 500 initially fell during trading on Friday, as traders headed towards the weekend.
The NASDAQ 100 has fallen a bit during the trading session but did find enough buyers later in the day to turn things around.
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The NASDAQ 100 has gone back and forth during the trading session on Thursday, trying to break above the 8000 level which of course has a significant amount of resistance at it.
The S&P 500 is going to continue to rally towards the upside but overall it’s likely that there is a lot of resistance extending to the 3025 level.
The natural order of things is that we continue to test resistance, and the NASDAQ 100 level has shown this scenario again.
The S&P 500 has fallen just a bit during the trading session on Wednesday, reaching towards the 3000 handle.
The S&P 500 rocketed to the upside during the trading session on Tuesday as banks reported solid earnings ahead of the bell. By doing so, the market tested the 3000 level, an area that of course causes a certain amount of psychological and structural resistance.
The NASDAQ 100 had a very bullish session during the day on Tuesday, breaking above the recent highs from the last couple of sessions, wiping out some sellers.
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The S&P 500 did almost nothing during the trading session on Columbus Day, which is a minor holiday in the United States.
The NASDAQ 100 has gone back and forth during the trading session on Monday which might have been a little bit skewed due to the fact that it was Columbus Day.
The S&P 500 has rallied a bit during the trading session on Friday, breaking above the 50 day EMA based upon the hope that the Americans and the Chinese could get some type of deal done.
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Sign up to get the latest market updates and free signals directly to your inbox.The S&P 500 will of course continue to be volatile as we have the Americans and the Chinese sitting down to talk in Washington DC.
The NASDAQ 100 initially fell during trading on Thursday, reaching down towards the uptrend line underneath.
The NASDAQ 100 has rallied a bit during the trading session on Wednesday as we await the US/China trade talks.