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NASDAQ 100 forecast for the week of December 12, 2016, Technical Analysis

By:
Christopher Lewis
Updated: Dec 12, 2016, 05:41 UTC

The US markets all look very bullish, and the NASDAQ 100 seems to be following suit now. As we find ourselves closing towards the 4900 level, a break

NASDAQ 100 forecast for the week of December 12, 2016, Technical Analysis

The US markets all look very bullish, and the NASDAQ 100 seems to be following suit now. As we find ourselves closing towards the 4900 level, a break above to a fresh, new I could give traders an opportunity to take advantage of the strong US indices overall, and perhaps make money in this market which has been lagging behind its brothers. The S&P 500 and the Dow Jones 30 but look very strong, and the NASDAQ 100 will ultimately follow to the upside. Pullbacks offer value that we can take advantage of.

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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