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near the 15,000 level, so I think at this point, we do pull back, there will be plenty of buyers willing to get involved at that point. In fact, we have already seen that a bit during the trading session, so with that being said, the market is likely to continue to see more of a “buy on the dip” scenario. The 50-Day EMA is an indicator that has been somewhat important for a while, and therefore think that if we do attack that level, a lot of value hunters will get involved.
Potential Signal: At this point, it’s obvious that the NASDAQ 100 is trying to take on the 15,250 level. If we can close above there on a daily chart, then I’m willing to get long of this market, with a stop loss at the 15,150 level.
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