Advertisement
Advertisement

NASDAQ Forecast October 23, 2014, Technical Analysis

By
Christopher Lewis
Updated: Aug 25, 2015, 02:00 GMT+00:00

The NASDAQ fell a bit during the session on Wednesday, retreating some of the gains it had found on Tuesday. Nonetheless, it appears that the market is

NASDAQ Forecast October 23, 2014, Technical Analysis

The NASDAQ fell a bit during the session on Wednesday, retreating some of the gains it had found on Tuesday. Nonetheless, it appears that the market is still fairly strong and we have a couple of gaps below that should offer support as well with that, we have no interest whatsoever in selling the NASDAQ, and believe that it will ultimately go much higher. With this, we are buying supportive candles below that offer buying opportunities in a marketplace and we believe is undervalued at the moment. Selling isn’t even a thought at this point in time.

 

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.

Advertisement