NASDAQ Forecast August 18, 2015, Technical Analysis

The NASDAQ was struck much higher during the course of the session on Monday, as we continue to see quite a bit of strength in this market. This market should eventually reach towards the 5200 level, and beyond that as far as we can tell. After all, the NASDAQ has been one of the better performers that we follow, and the uptrend has been very strong over the longer term. It’s more of a grind higher though, so we do not anticipate seeing impulsive moves higher. If you are patient, you should be rewarded.