Advertisement
Advertisement

NASDAQ Forecast August 5, 2015, Technical Analysis

By:
Christopher Lewis
Published: Aug 5, 2015, 04:58 UTC

The NASDAQ went back and forth during the course of the session on Tuesday, using 5100 as support. However, we think that the market may have very little

NASDAQ Forecast August 5, 2015, Technical Analysis

The NASDAQ went back and forth during the course of the session on Tuesday, using 5100 as support. However, we think that the market may have very little in the way of volatility going forward, because of the nonfarm payroll numbers coming out on Friday. We believe that pullbacks should offer value though, because sooner or later the longer-term uptrend should take over again. Ultimately, we believe that the market will not only break above the 5160 level which was the most recent high, but we believe that it’s going to continue much higher than that.

 

nasdaq

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.

Did you find this article useful?

Advertisement