NASDAQ 100 Forecast October 11, 2016, Technical Analysis
The NASDAQ 100 broke higher during the course of the day, clearing the 4900 level at one point. Ultimately, I believe that this market does continue to go higher as we have just recently broken above an ascending triangle, and the NASDAQ 100 tends to be one of the strongest indices that I have been following. Ultimately, this is a market that will reach towards the 5000 level and that is my longer-term target. I believe that every time we pullback we should continue to see buyers jump into this market as it has such an upside move underneath it.