Advertisement
Advertisement

NASDAQ Forecast October 27, 2014, Technical Analysis

By:
Christopher Lewis
Updated: Aug 25, 2015, 03:00 UTC

The NASDAQ as you can see broke a little bit higher during the course of the session on Friday, testing the 4500 level. That being the case, it appears of

NASDAQ Forecast October 27, 2014, Technical Analysis

The NASDAQ as you can see broke a little bit higher during the course of the session on Friday, testing the 4500 level. That being the case, it appears of the market should continue to go higher, and pullbacks at this point in time should be buying opportunities as the market has certainly made a strong statement this past week. We are buyers on pullbacks and show signs of support, and of course a fresh new highs on moves above the 4500 level. There is no scenario in which were willing to sell this market right now.

 

nasdaq

About the Author

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.

Did you find this article useful?

Advertisement