Nasdaq 100

The Nasdaq 100 also fell during trading, as Thursday was a bit rough. However, we still have plenty of support at the 6700 level to be found, and I think that we will probably find buyers jumping into the market somewhere in that area. The alternate scenario as we turn around right away and break above the highs from the Wednesday session, which would also have the market heading towards the 7000 handle. That's an area that has been resistive in the past, but I think it's only a matter of time before breakout above there. When you look at the chart zoomed out the way I have it, you can see that we are trying to form a “W pattern”, which is a very bullish sign.