The NASDAQ as you can see fell rather hard during the course of the session on Thursday, but should find the support somewhere around the 5025 handle.
The NASDAQ as you can see fell rather hard during the course of the session on Thursday, but should find the support somewhere around the 5025 handle. With that, the market more than likely should offer some type of buying opportunity in this region but we need to see the jobs numbers come out first. Ultimately, we are going to be very cautious and would not blame anyone for sending on the sidelines as this could be a rather dangerous session in the NASDAQ. However, having said that we feel that this market does go higher given enough time.
NASDAQ Forecast August 7, 2015, Technical Analysis
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.
