NASDAQ FUTURES: market awaits speech by Fed

By | November 12, 2015

US stock markets expect the Fed speech by Janet Yellen. She has recently emphasized that the question of raising rates in December, still remains relevant and thus gave a positive assessment of the economy. Now they have received confirmation from the labor market data, which turned out shockingly powerful (271 thousand at the end of October).

NASDAQ-100 index feels support in 4610, which he successfully tested the strength of 4 times in the last three days. If the contracts can consolidate above the resistance of 4652, it may attempt to restart growth.

nasdaq-100 chart
Nasdaq-100 chart
Trading analytics
NASDAQ (NQ) – buy nasdaq – Entry price: 4652. Goal: 4713. Stop loss: 4610.
Warning: Profitability in the past does not mean profitability in the future. Any projections are for information only and does not guarantee a result.
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