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NASDAQ 100 Forecast December 15, 2016, Technical Analysis

By:
Christopher Lewis
Updated: Dec 15, 2016, 08:38 GMT+00:00

The NASDAQ 100 had a slightly positive session on Wednesday as the market now looks to reach towards the 5000 handle. To break above there is very

NASDAQ 100 daily chart, December 15, 2016

The NASDAQ 100 had a slightly positive session on Wednesday as the market now looks to reach towards the 5000 handle. To break above there is very bullish, and I think it does happen sooner or later. Pullback should be buying opportunities, as we have just broken out and shown quite a bit of bullish pressure. I have no interest in shorting, and the NASDAQ 100 had some catching up to do when it comes to the S&P 500 and the Dow Jones 30. Because of this, I remain very bullish of this market.

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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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