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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 GMT+00:00

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

Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.

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