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NASDAQ 100 Forecast September 28, 2016, Technical Analysis

By:
Christopher Lewis
Published: Sep 28, 2016, 05:07 UTC

The NASDAQ 100 bounced off of the 4800 level, showing signs of positivity during the course of the session on Tuesday. While the S&P 500 looks a

NASDAQ 100 daily chart, September 28, 2016

The NASDAQ 100 bounced off of the 4800 level, showing signs of positivity during the course of the session on Tuesday. While the S&P 500 looks a little lackluster, the NASDAQ 100 continues to show real strength at this point in time and as a result I think it will continue to be one of the better performers that we follow. On a break above the top of the candle the market should then reach towards the 4880 level, and then eventually the 5000 level above there which is my longer-term target anyway.

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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