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
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.
