Nasdaq 100

The Nasdaq 100 on the other hand, has not closed below the 200 EMA yet, so it looks as if the Nasdaq 100 is trying to find some type of support. I believe that if we can break down below the 6200 level, the market breaks down rather rapidly. However, I don't think that we get a major move between now and the jobs number coming out on Friday. Until then, I would anticipate that we consolidate in this area, with the 6500 level being a magnet for price.