Nasdaq-100 outlook for November 3, 2014

Nasdaq-100 closed at a new multiyear high last night, above September’s 4.100. This is now the major support that will likely be retested (maybe next week), but has to hold for this crazy stock market rally to continue. All bets are off about when and how this central bank induced advance will stop.

NASDAQ-100, daily chart:

NASDAQ 100(Ημερήσια)20141101111828

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

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