Hey tradomaniacs,
looking at the market-depth NASDAQ100 looks pretty bullish to me as accumualtion is already happening ahead the NFPs.
Generally, I think both scenarios whether bad or good NFPS will both be bullish for equities as a bad result would mean more liquidity and a good result a good improving economy with the expectation that the FED might cut QE in the near future.
Technically we see a double-bottom and a potential breakout to the upside!
Let`s see what happens! .-)
looking at the market-depth NASDAQ100 looks pretty bullish to me as accumualtion is already happening ahead the NFPs.
Generally, I think both scenarios whether bad or good NFPS will both be bullish for equities as a bad result would mean more liquidity and a good result a good improving economy with the expectation that the FED might cut QE in the near future.
Technically we see a double-bottom and a potential breakout to the upside!
Let`s see what happens! .-)