NASDAQ 100 Forecast July 29, 2016, Technical Analysis

By:Christopher Lewis
Published: Jul 29, 2016, 05:24 UTC•1min read
NASDAQ 100 daily chart, July 29, 2016
The NASDAQ 100 at a slightly negative session during the course of the day on Thursday, but found enough support to turn things back around and form a bit of a buying opportunity. If we drop from here, I think that the 4600 level will of course be very supportive
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The NASDAQ 100 at a slightly negative session during the course of the day on Thursday, but found enough support to turn things back around and form a bit of a buying opportunity. If we drop from here, I think that the 4600 level will of course be very supportive as well. There is no sign on this chart that suggests that we should be selling, and if we can break above the top of the range for the day on Thursday, we should continue to go much higher. With this, I am “buy only.”

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