NASDAQ 100 Forecast November 18, 2015, Technical Analysis
The NASDAQ 100 broke a little bit higher during the session on Tuesday, as we continue to see bullish pressure enter this index. We believe that it’s only matter of time before reach towards the 4725 level again, and therefore we are bullish. We recognize that short-term pullbacks should be buying opportunities going forward although we recognize it could be a bit of a slow motion move. We have no interest in selling, and believe that US stock markets in general will continue to be very bullish, meaning that we should see this market reach towards the 5000 level.