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Nasdaq 100 Ready To Break

TedTed
in The Bullpen
FYI: All of the indices are threatening a break to new highs, but the first to do so may be the Nasdaq 100. The last three days have shaped a small handle, defended by the breakout gap for support, and lurking very close to the breakout threshold at 4,118. Technicals are net bullish although it's underperforming relative to the Russell 2000, which may delay money flow into the index.
Regards,
Ted
http://www.markets.fallondpicks.com/2014/10/nasdaq-100-ready-to-break.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+FallondTradeHistory+(Fallond+Trade+history)
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