NASDAQ-100 (INDEXNASDAQ:NDX), this year was on a rising channel until late April, since then NDX has been on a decreasing pattern. Presently, NASDAQ-100 stands at $ 2615.72, which marks the recent gains of NDX, as this could be see from the graph.
Only a few days ago, NASDAQ-100 was between its ranges of MA – 50 ($2587.49) and MA – 200 (2473.93). The index however, managed to surpass those values and currently stands just above them.
Moreover, the present trading volume is 875,159,104, which is above last year’s daily average. Additionally, it is within the highest levels for this year. This implies in that there is increased trading transactions, which could be used a solid bench mark for the standing of NDX.
A rising trading volume means that there is an increased investors’ interest. More importantly, when transactions rise along with prices, probable this means that investors are demanding more than selling. A higher demand suggests that the index is on a positive trend and this should help the positive move of the binary option markets.
In the last few days, the US stock index gained some ground on hopes that the Federal Reserve will agree to extend stimulus measures. Moreover, the S&P 500 has gained 7.2 percent from a five-month intra-day low reached on June 4. However, the most important question for the binary option traders is to foresee the direction in which the index will move, because any NDX changes are linked with changes of the course of the binary markets. On one side, the Fed.’s promises push the index higher, while, on the other side, the Euro crisis put depreciating pressures on the NDX. Which pushing force will out weight the other is about to be seen from the binary option investors.
Disclaimer:
The information in this analysis is collected from different sources and should serve for informative purposes only. The author shall not be held responsible for the validity of the presented information. No part of this analysis recommends the purchase or sale of a currency pair or any other financial instrument.
