NASDAQ Surpasses 7496.0

American Stocks open Positive making NASDAQ surpass 7496.0 a price that was on our 61.8% fib level confirming a strong buyers movement. On this case it is very wise to wait for pull-backs to the highlighted zones before actually going Long on NASDAQ, because truth be told it would be very stupid of you to buy now when the price is sky rocketing up. NASDAQ is quite different from Currencies, it does not commonly confirm with a rejection of price but rather it burst reacting to whatever direction the investors take it, if you'd ask me what's the next step on NASDAQ?.

I will Simply wait for NASDAQ to drop as far as 7363.5 and patiently waiting for an opportunity to go Long at that zone, but if it breaks that price going bearish I will wait for these following prices to give me a genuine opportunity to go long: 7259.4 and 7187.8, those are the prices I will feel comfortable at buying NASDAQ and that is solely my opinion on NASDAQ.