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NASDAQ 100 Forecast November 18, 2015, Technical Analysis

By:
Christopher Lewis
Published: Nov 18, 2015, 05:45 UTC

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

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.

 

nasdaq100

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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