NASDAQ 100 Forecast December 1, 2015, Technical Analysis

The NASDAQ 100 fell from the 4700 level during the day on Monday, as we continue to see quite a bit of volatility in this general vicinity. Adding to the pressure of us being so close to the highs is the Nonfarm payroll number coming out on Friday, and that of course will keep this market more or less short-term of the next couple of days. We do like buying supportive candles though on pullbacks, but realize we may have to trade several times in order to make decent profits as short-term trading will most certainly be the only way to go.