Nasdaq 100

The Nasdaq 100 initially tried to rally during the trading session on Thursday, but turned around to form a shooting star. I see a significant amount of support at the 6400-level underneath, and I have course drawn a decent up trending channel, and I believe that there are a couple of different reasons why we may rally from here. Ultimately, I think that we will break above the 6500 level, and continue the overall trend. However, the Nasdaq 100 has been a bit of a laggard when it comes to US stock markets in general, but I think that all of them are going to rise as soon as volume comes back, and the Nasdaq 100 will of course be the same. If we broke down below the uptrend line, then we may go looking towards the 6200 level for more support. Keep your position size small in the meantime, we could get volatile conditions.