NASDAQ Forecast October 14, 2014, Technical Analysis
The NASDAQ as you can see initially broke higher but then turned back around to show resistance of the 4300 level. Because of that, the market then made a move towards the 4200 level, and with that it appears that the sellers are most certainly in control. However, if we break down below the 4200 level we think that the market continues to go much lower, perhaps heading to the 4000 handle. The 4200 level though would of course be a nice area to see a supportive candle, but until we get it we are not interested in buying.
Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved, and seek independent advice if necessary. A Product Disclosure Statement (PDS) can be obtained either from this website or on request from our offices and should be considered before entering into a transaction with us. Raw Spread accounts offer spreads from 0.0 pips with a commission charge of USD $3.50 per 100k traded. Standard account offer spreads from 1 pips with no additional commission charges. Spreads on CFD indices start at 0.4 points. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
