NASDAQ-100 Daily Forecast Dec 04 2014

Stocks-265488-1

Outlook in NASDAQ-100 index remains neutral with risk to the upside as long as support 4270 holds on a daily closing basis , a failure to hold below the 4270 levels on a daily closing basis could mean a return to the 4345 levels levels where a breach would open 4365 next , a halt is likely , but further upside will aim the 4390 levels ahead of the 4420 levels

On the downside , support comes at the 4270 levels , stability above this level will keep the bullish momentum intact , however , losing the 4270 levels on a daily closing basis will bring a corrective pullback towards the 4246 levels before the next strong rise .however , a clear break below the 4246 levels will bring a deeper pullback towards the 4132/4036 levels .

In all , as long as support 4246/4270 holds on a daily closing basis , outlook in NASDAQ-100 index remains on the upside towards the 4345/4365 levels , below 4246 will turn outlook bearish towards the 4132/ 4036 levels.

In the medium term forecast , the pair is bullish as long as support 4250 holds on a weekly closing basis , resistance comes at the 4390 levels ahead of the 4485 levels , below 4250 will bring pullback towards the 4132/4036 levels before the next rise.Note that long term forecast will remains bullish above 4036 levels.

 

NASDAQ-100 Daily Forecast Dec 04 2014

NASDAQ-100 Daily Forecast Dec 04 2014 _weekly

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