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NASDAQ 100 forecast for the week of June 27, 2016, Technical Analysis

By:
Christopher Lewis
Published: Jun 25, 2016, 06:43 UTC

The NASDAQ 100 initially tried to rally during the course of the week but found enough resistance of the 4500 level to turn things back around and form a

NASDAQ weekly chart, June 27, 2016

The NASDAQ 100 initially tried to rally during the course of the week but found enough resistance of the 4500 level to turn things back around and form a shooting star. With this, it looks as if the sellers are starting to take control again, and if we can break below the 4200 level, it’s likely that we could go down to the 4000 handle. On the other hand, if we break above the top of the shooting star that’s a very positive sign and we should then reach towards the 4700 level.

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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