NASDAQ forecast week of July 7, 2014, Technical Analysis

NASDAQ forecast week of July 7, 2014, Technical Analysis

7 July 2014, 13:27
Sergey Golubev
0
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The NASDAQ was closed on Friday, but spent the rest of the week shooting straight up from the 4400 level. We did not break above the 4500 level however, so that has to be addressed. Nonetheless, we do believe that it will ultimately get broken to the upside, but recognize that we need to see at least a daily close above that level. With this, we feel that the market cannot be sold, but anytime that it pulls back should be considered to be value, and looked at as a buying opportunity.




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