NASDAQ 100 trading - The 16,016 level makes a nice short-term target. StockTrading stockstowatch
Enter your emailThe 50 day EMA sits at the 16,016 level, and I think makes a nice short-term target.
That being said, the market is currently consolidating overall and therefore I think is probably only a matter of time before we see buyers jump back in. The resulting candlestick is a hammer, which of course is a candlestick that a lot of people will pay close attention to. Ultimately, if we can break above the top of the candlestick for Thursday, it is technically a bullish sign.The 50 day EMA sits at the 16,016 level, and I think makes a nice short-term target.
All things been equal, I do think that we rally a bit and I think we will eventually go looking towards the 16,500 level above.
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