Nasdaq 100 Index – new High

Trend following today, The Nasdaq 100 Index  (NDX) closed at a new all time high at $7,713.50. The previous closing high was last October at $7,701. Last week it went to the High but failed to close. So, we’ll see if it can hold this High on the close of the week.

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The Dow Industrials Index (DJI), or also known  as “The Dow 30”, and The S&P 500 Index (SPX) have not yet hit the Highs. And the various other Total Market Indexes, such as the Wilshire 5000 (W5000), The Russell 3000 (RUA) etc. etc. have not yet hit the Highs.

Nasdaq 100 Index

Looking at the Daily, a Bullish S/R (Support and Resistance Price Level) is found just overhead at $7,161. A close above this week will give us a clue as to the direction the market wants to go.

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A Daily S/R Level in the Bearish side is found at $7,085. We’re looking for direction. The market will tell us if we let it.

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Pure Trend following. No news, no White House Tweets, no forecasts or predictions.