NASDAQ100 Index Attempting Break of 200 Day EMA: stocks StocksToTrade StocksInFocus
At this point, it looks like we are eventually going to break out above here, despite the fact that there are a whole host of reasons to think that the stock market is going to fall. Currently, it seems as if the traders on Wall Street reject the idea of the Federal Reserve being able to raise interest rates the way that they are projected to buy the bond market. It will be interesting to see this plays out, because somebody is going to be wrong, and they are going to be wrong in a big way.
The most vicious rallies are in bear markets, so that could be what we are seeing, but right now it is obvious that we do not have anything stopping us from going higher it seems.
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