NASDAQ Forecast August 19, 2015, Technical Analysis

The NASDAQ did very little during the day on Tuesday, as we await the FOMC Meeting Minutes today. With this, we feel that pullbacks will more than likely offer value in a marketplace that should continue to be one of the best performers as far as American indices are concerned. Because of this, we are simply waiting for an opportunity to pick up “value”, and will be very patient but term in our conviction that we are going to go much higher. Once the summertime is over, there should be more money in the markets to push things even further.