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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

Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.

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