Nasdaq-100 outlook for October 28, 2014

Nasdaq-100’s unbelievable rally of the last 2 weeks has been going on in the pre-open futures. The early October losses have been erased and the index will target its 4.110 multi-year high. In case of a correction, support in the 4.000/3.950 area will come into play.

NASDAQ-100, daily chart:

NASDAQ 100(Daily)20141028115213

Chart courtesy of Investing.com. http://investing.com

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