S&P 500 and NASDAQ 100 Forecast August 14, 2020

by birtanpublished on August 21, 2020

from daily forex this is chris taking a look at the s p 500 and the nasdaq 100 you can see the s p 500 has done very little during the trading session but you know this is vacation season we're also at the highs the market's

Just kind of killing time it needs a catalyst to go higher or it needs people to feel comfortable or whatever nonetheless once we break the new highs we should go looking or break the highs the 3400 we should go

Look into 3 500 in the meantime i look at pullbacks as buying opportunities and i believe 3200 to be an excellent buying opportunity assuming we would even get it nasdaq 100

Uh one the 11 000 level should be supportive uptrend line and a round figure 10 500 and 10 000 all are areas i'd be a buyer of eventually we go looking towards 11 500.

As we limp into the weekend we may not see a lot of action on friday

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