Nasdaq 100

The Nasdaq 100 broke above the 6400-level showing significant bullish pressure. Now that we are the fresh, new high and have cleared the large, round, psychologically significant level, I think that the market is probably going to continue to go higher, reaching towards the 6450 handle, and then eventually the 6500 level after that. Short-term pullbacks, as well as a break above the top of the range for the session, give me reasons to start going long. I believe that the 6350-level underneath is massively supportive, and therefore I have no interest in shorting. The Nasdaq 100 has lead the way for other US indices of the longer term, and I think that is going to continue to be the case going forward. Pullbacks represent value that I am more than willing to take advantage of.