Friday, September 20, 2013

NASDAQ Forecast September 13, 2013, Technical Analysis

Posted September 13, 2013 5:56 (GMT) | By FX Empire Analyst - Christopher Lewis | Print | Font Size      
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The NASDAQ as you can see fell during the session on Thursday as we continued to hang around the 3700 level. However, we feel that this market is well supported, so we are simply looking for some type of bullish candle or even a pullback that shows signs of support in order to go long. We have no plans to sell the NASDAQ as it has been so strong lately, and we think it is well supported all the way down to the 3580 level. Going forward, we fully expect to see 3800 next, followed by 4000.

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