NASDAQ forecast: 2014, July 13 - 20

NASDAQ forecast: 2014, July 13 - 20

15 July 2014, 04:12
Sergey Golubev
0
59

The NASDAQ as you can see fell during the course of the week, testing the 4350 level, but finding support there. The area was previously resistive, and the fact that it acted as resistance doesn’t surprises because of that. The resulting candle is a hammer as you can see, but we need to get above the 4500 level in order to be comfortable buying for the longer term. Once that happens, the market should continue to go to the 5000 level, which is a longer-term target for us going forward.




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