NASDAQ-100 Daily Forecast Sept 05 2014


Outlook in NASDAQ-100 remains on the upside as long as support 4060  holds on a daily closing basis , resistance comes at the 4100 levels , a halt is likely , but a break would open 4160 next , further upside will aim the 4200 levels..

On the downside ,support comes at the 4060 levels, losing the 4060  levels on a daily closing basis will turn outlook neutral for retesting the 3971/3937 levels before the next possible rise…below 3937 will open the way towards the 3824 levels before the next move…

In all , as long as support 4060  holds on a daily closing  basis  , outlook in NASDAQ-100  remains on the upside towards the 4100  levels ahead of the 4160  levels , below the 4060  levels will reverse risks towards the 3971/3937  levels before the next rise..


NASDAQ-100 Daily Forecast Sept 05 2014