The NASDAQ 100 bounced off of the 4500 level during the course of the week in order to show real strength. Because of this, we believe that it’s only a
The NASDAQ 100 bounced off of the 4500 level during the course of the week in order to show real strength. Because of this, we believe that it’s only a matter of time before we break out to a fresh, new high, and then start heading towards the 5000 level which is our longer-term target. We think pullbacks offer buying opportunities as well, as the 4500 level looks a lot like a floor at the moment. Ultimately, we have no interest in selling this market as it is one of the better performing indices that we follow.
NASDAQ 100 forecast for the week of November 23, 2015, Technical Analysis
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.
