S&P 500 and NASDAQ 100 Forecast August 20, 2020
from daily forex this is chris taking a look at the indices and this is the s p 500 you can see that we are reaching towards 3 400 in the e-mini contract
For when it's worth we have broken out in the cash so it's a question of if and when we will it's not um it's not uncommon to see a little bit of a pullback
At the highs and then a continuation i think 3200 is massive support and uh really at this point in time 3300 should be support as well i like buying dips but of course i would buy a daily breakout
Above 3400 and the e-mini as well nasdaq 100 same situation we're basically at a large round figure a pullback to this trend line would make a lot of sense i'd be all over it right there around 11 000.
Uh really it's not until we clear 10 000 to the downside that i'd be concerned um nice trajectory just kind of a steady as she goes type of uptrend this is the type of uptrend that technical analysts absolutely love