The NASDAQ 100 had a very positive session on Monday as we continue to bang up against significant resistance. I still feel that we are heading to the
The NASDAQ 100 had a very positive session on Monday as we continue to bang up against significant resistance. I still feel that we are heading to the 5000 level, but it could be quite a bit of back and forth trading between here and there. Short-term pullback should continue to offer buying opportunities in what has been a very bullish market. Ultimately, I do expect the 5000 level offer a bit of resistance, but longer-term we should continue to go higher than that. I believe that the 4900 level is going to continue to act as support.
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.
