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NASDAQ forecast for the week of October 27, 2014, Technical Analysis

By
Christopher Lewis
Updated: Aug 25, 2015, 03:00 GMT+00:00

The NASDAQ as you can see broke much higher during the course of the week, clearing the 4300 level. That was the level of that was of the top of the

NASDAQ forecast for the week of October 27, 2014, Technical Analysis

The NASDAQ as you can see broke much higher during the course of the week, clearing the 4300 level. That was the level of that was of the top of the hammer from the previous week, and of course is that is a very positive sign. This market looks like it’s ready to test the 4600 level, that being said we are very positive. With that, we feel that this market should continue to go much higher, and as a result we are most certainly buyers of the NASDAQ going forward.

 

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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