NASDAQ 100 forecast for the week of June 27, 2016, Technical Analysis
The NASDAQ 100 initially tried to rally during the course of the week but found enough resistance of the 4500 level to turn things back around and form a shooting star. With this, it looks as if the sellers are starting to take control again, and if we can break
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The NASDAQ 100 initially tried to rally during the course of the week but found enough resistance of the 4500 level to turn things back around and form a shooting star. With this, it looks as if the sellers are starting to take control again, and if we can break below the 4200 level, it’s likely that we could go down to the 4000 handle. On the other hand, if we break above the top of the shooting star that’s a very positive sign and we should then reach towards the 4700 level.
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