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Tuesday, November 24, 2015

Trading Recommendation on NASDAQ 100 (November 25 – December 15, 2015)

The outlook on NASDAQ 100 market (NASDAQI:NDX) is currently bright since it is assumed that the price would be able to sustain its current bullishness – as shown by the price action in the chart.

NASDAQ 100 started moving north in October 2015, and it has been able to sustain that movement so far. The price went briefly into the Trendlines, later moving above the upper Trendline. There is currently a perceived bullishness in the market – which exists in conjunction with the recent price development.

Additionally, the RSI period 14 is at the level 50, denoting a strong momentum in the market. The price is thus expected to continue rallying from today till the middle of September 2015.

This forecast is ended by the quote below:

“I always find inspiration in those who, despite all odds persevere and accomplish great feats. This attribute of dogged determination is something I’ve always admired in people and have tried to emulate throughout my life. It’s not always easy since sometimes we can get too comfortable in our current situation. When that happens, I believe it’s necessary to get out of our comfort zone. Being uncomfortable can be good, as it will allow us to grow and regain that thirst for challenge. That’s partly why I love trading.” -  Gabe Velazquez (Source: Tradingacademy.com)

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

What Super Traders Don’t Want You To Know: Super Traders


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