Nasdaq 100

The Nasdaq 100 fell during the trading session on Tuesday, but found support towards the end of the day near the 6400 level. If we can break above the 6500 level, that's a very bullish sign and I think we could continue the longer-term uptrend. Remember that the Nasdaq 100 has trailed the other US indices, so it's possible that we may have some catching up to do. However, I do believe that even if we fall from here, there should be plenty of support below near the 6250 level. As far as I'm concerned, as long as we are above the 6000 handle, this is a market that cannot be sold, but you should be aware that we will more than likely pull back occasionally. A break above the recent highs should free this market towards the 6550 level.