Yea, the NDX is holding up this entire market right now. IF the dow starts to put in a rally by this afternoon expect 2450 on the nasdaq. By the way dont they say that the first 5 trading days of the new year usually show a forecast of where the markets are headed
Since were only a few points away this is not exactly a wild call. 10 of the last 14 days were red and we have a double top so more downside is a distinct possibility but I doubt the bulls will give up easily.
Listen to yourself... "we're going lower, of course I wouldn't be surprised if we end up higher! Classic newbie ways at prognostication. Learn to trade and shut up! You're only making a fool of yourself in your need to "prove" something.
NQ looks the strongest, last week some shorts covered and the bulls are a bit stronger. I notice an inverse realtionship between SOX and OIH the past few days. Once OIH bounces back, that could be the rally catlyst for ES to catch up quickly.