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NASDAQ Forecast August 11, 2015, Technical Analysis

By:
Christopher Lewis
Published: Aug 11, 2015, 05:59 UTC

The NASDAQ gapped higher at the open on Monday, clearing the 5080 level right away. We did up slamming into the 5100 level, and as a result we believe

NASDAQ Forecast August 11, 2015, Technical Analysis

The NASDAQ gapped higher at the open on Monday, clearing the 5080 level right away. We did up slamming into the 5100 level, and as a result we believe that any pullback should find support below based upon the gap. We think that the market eventually goes much higher, and that it’s only a matter of time before he break out to the upside. We have no interest in selling the NASDAQ at the moment, as it is one of the best performers in the stock markets as of late. We believe the NASDAQ will continue to lead the way for the United States.


 

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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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