NASDAQ-100 Daily Forecast Nov 20 2014

Stocks-265488-1

Outlook in NASDAQ-100 index remains on the upside as long as support 4199 holds on a 4 hour closing basis , resistance comes at the 4246 levels , a halt is likely , but a break would open 4300 next , further upside will aim the 4372/4451 levels..

On the downside , support comes at the 4199 levels , losing this level will turn outlook neutral for retesting the 4117 4041 levels before the next rise…

In all, as long as support 4199 holds on a 4 hour closing basis , outlook in NASDAQ-100 index remains on the upside towards the 4246  levels ahead of the 4300  levels, below the 4199 will bring a corrective pullback towards the 4117 4041  levels before the next rise.

 

NASDAQ-100 Daily Forecast Nov 20 2014

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