Advertisement
Advertisement

NASDAQ 100 Forecast July 29, 2016, Technical Analysis

By:
Christopher Lewis
Published: Jul 29, 2016, 05:24 UTC

The NASDAQ 100 at a slightly negative session during the course of the day on Thursday, but found enough support to turn things back around and form a bit

NASDAQ 100 daily chart, July 29, 2016

The NASDAQ 100 at a slightly negative session during the course of the day on Thursday, but found enough support to turn things back around and form a bit of a buying opportunity. If we drop from here, I think that the 4600 level will of course be very supportive as well. There is no sign on this chart that suggests that we should be selling, and if we can break above the top of the range for the day on Thursday, we should continue to go much higher. With this, I am “buy only.”

About the Author

Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.

Did you find this article useful?

Advertisement