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NASDAQ 100 Forecast June 1, 2016, Technical Analysis

By:
Christopher Lewis
Published: Jun 1, 2016, 03:13 UTC

The NASDAQ 100 did very little during the day on Tuesday as we simply have sat still after the Memorial Day holiday in America. This market does look very

NASDAQ 100 daily chart, June 1, 2016

The NASDAQ 100 did very little during the day on Tuesday as we simply have sat still after the Memorial Day holiday in America. This market does look very bullish though, and the several candles proceeding what we did during the day on Tuesday all look very strong. Ultimately, we believe the pullbacks will be thought of as value, and at that point in time it’s very likely that the buyers will return to the market again and again. Ultimately, we believe that the market should continue to go higher and break above the 4600 level, but that may take a little bit of time to happen.

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.

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