The NASDAQ 100 had a back-and-forth type of session on Thursday as we continue to hover above the 4900 level. It looks as if the market is trying to build
The NASDAQ 100 had a back-and-forth type of session on Thursday as we continue to hover above the 4900 level. It looks as if the market is trying to build up enough momentum to finally continue towards the 5000 level now that we have broken out. I look at pullbacks as buying opportunities and have absolutely no interest whatsoever in selling. I think we will reach 5000 between now and the end of the year, probably much sooner than that. That area should cause quite a bit of volatility though and it may take several attempts to break out above the 5000 area.
Chris is a proprietary trader with more than 20 years of experience across various markets, including currencies, indices and commodities. As a senior analyst at FXEmpire since the website’s early days, he offers readers advanced market perspectives to navigate today’s financial landscape with confidence.
