S&P 500 and NASDAQ 100 Forecast October 8, 2020

by birtanpublished on November 2, 2020

from daily forax this is chris taking a look at the um us stock indices this is the s p 500 and you can see that the s p 500 has uh rallied quite a bit did pull back from the alt or from the highs of the day but we're still just kind of pushing the same area here waiting to see whether or not we get that cheap money in the form of stimulus so with that being the case i think it is probably going to come down to a lot of noise out there but i would

Point out that we have a w or i'm sorry a v bottom going on right now so the market probably goes looking towards 3 600. that being said i think pullbacks probably find buyers to the 50 unless of course they blow up the stimulus talks all together uh same thing over here in nasdaq i think 50 day ema 11 000 this little area they all offer support so given enough time i do expect value headers to come in on dips

Breaking above 11 000 550 then it's likely that we could go to 12 000 possibly even higher no interest in shorting this is all of the same um usual suspects you know uh microsoft apple google etc that's going to continue to push this higher you

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