The E-Mini NASDAQ 100 got an impressive breakout in Thursday’s market, and broke free from the downtrending channel. Yesterday’s breakout could mean more strength Friday.
Higher Value Setup
The 5-minute chart shows the NQ has developed a Higher Value relationship after yesterday’s rally. As you know, the HV relationship develops when the upcoming day’s Value Area is projected to be completely higher than the preceding day’s VA.
Essentially, this means buyers were successfully able to … [visit DailyMarkets.com to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards