The NASDAQ 100 rallied on Tuesday, testing the resistance yet again. Because of this, I think that eventually we will break out but we may have to break
The NASDAQ 100 rallied on Tuesday, testing the resistance yet again. Because of this, I think that eventually we will break out but we may have to break above the 5000 level in order to see any real momentum pick up. I also believe that the market might be a bit hesitant to do it had of the holidays, so we could get several pullbacks in the short-term. Those pullbacks should be value though, so having said that given enough time I believe that every time we drop you can start scalping the market to the upside again.
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.
