NASDAQ 100 Forecast May 4, 2016, Technical Analysis

Published: May 4, 2016, 05:09 UTC1min read
NASDAQ 100 daily chart, May 4, 2016
The NASDAQ 100 fell during the course of the session on Tuesday, testing the 4320 handle. There is quite a bit of support just below though, so this point in time it looks as if there could be a bit of a bounce just below, so we are waiting to
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The NASDAQ 100 fell during the course of the session on Tuesday, testing the 4320 handle. There is quite a bit of support just below though, so this point in time it looks as if there could be a bit of a bounce just below, so we are waiting to see whether or not we get a supportive candle. If we do, then we can think about buying as it has been a nice pullback from the rally that should offer the ability for buyers to pick up this market “on the cheap”, and see this situation is a value.

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