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NASDAQ Forecast March 19, 2014, Technical Analysis

By:
Christopher Lewis
Updated: Aug 23, 2015, 11:00 GMT+00:00

The NASDAQ rose during the session on Tuesday, breaking much higher in gaining 1.25% for the day. This market looks very healthy, and we believe that it’s

NASDAQ Forecast March 19, 2014, Technical Analysis

The NASDAQ rose during the session on Tuesday, breaking much higher in gaining 1.25% for the day. This market looks very healthy, and we believe that it’s only a matter of time before the breakout of the recent resistance area, and as a result we are bullish. We think short-term pullbacks will continue to offer buying opportunities going forward, and we believe that this market is going to head towards the 4500 level given enough time. We have no interest in selling this market, and believe that the 4000 level is the absolute bottom of the market.

 

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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