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NASDAQ 100 Forecast November 5, 2015, Technical Analysis

By:
Christopher Lewis
Published: Nov 5, 2015, 05:03 UTC

The NASDAQ 100 fell a bit during the course of the session on Wednesday, as we appear to be ready to try to build up momentum. By pulling back, we can

NASDAQ 100 Forecast November 5, 2015, Technical Analysis

The NASDAQ 100 fell a bit during the course of the session on Wednesday, as we appear to be ready to try to build up momentum. By pulling back, we can attract more buyers, and we most certainly think we see quite a bit of support below, especially based upon the gap that formed at the 4500 level. With that being the case, we have no interest whatsoever in selling this market, and look at supportive candles as opportunities to go long in a market that is most certainly very bullish overall. Just be patient, your buying opportunity will present itself.

 

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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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