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NASDAQ 100 Forecast Today - 17/05: Continue To Rally (Chart)
(MENAFN- Daily Forex)

After all, the bulk of stock indices in the United States are driven by algorithmic trading, and then of course the NASDAQ 100 is not an equal weighted index, and therefore if you get all of the right stocks moving in the same direction, it has an outsized influence on the market AnalysisQuite simply put, the technical analysis on this market is extraordinarily bullish. We have just broken to a fresh, new high during the trading session on Wednesday, and Thursday looks as if it is going to be more of the same bullish pressure . In general, I do think this is a market that will eventually find its way much higher, perhaps as high as the 20,000 level. This is not to say that there will be the occasional pullback , just that buyers are almost certainly willing to come back in.Top Forex Brokers
- The nasdaq 100 rallied again during the early hours on Thursday as we continue to see plenty of momentum. The momentum in this market has been quite remarkable, and at this point in time I think it continues to feed upon itself.

After all, the bulk of stock indices in the United States are driven by algorithmic trading, and then of course the NASDAQ 100 is not an equal weighted index, and therefore if you get all of the right stocks moving in the same direction, it has an outsized influence on the market AnalysisQuite simply put, the technical analysis on this market is extraordinarily bullish. We have just broken to a fresh, new high during the trading session on Wednesday, and Thursday looks as if it is going to be more of the same bullish pressure . In general, I do think this is a market that will eventually find its way much higher, perhaps as high as the 20,000 level. This is not to say that there will be the occasional pullback , just that buyers are almost certainly willing to come back in.Top Forex Brokers
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