NASDAQ Forecast July 16, 2014, Technical Analysis » Fx Empire …
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The NASDAQ as you can see fell during most of the session on Tuesday, but did find enough support just below the 4400 level to bounce significantly. With that, we feel that this market will ultimately break out above the 4500 level, but it is going to take a little bit of grinding in order to do so, meaning that we need to pick up momentum in the meantime. Pullbacks should continue to be buying opportunities, just as the break above 4500 would be a longer-term buy-and-hold type of signal. Selling isn’t a thought at this point.
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NASDAQ Forecast July 16, 2014, Technical Analysis » Fx Empire …
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