The NASDAQ 100 fell slightly during the day on Wednesday, but I think there is still more than enough support at the 4900 level to continue to push the
The NASDAQ 100 fell slightly during the day on Wednesday, but I think there is still more than enough support at the 4900 level to continue to push the market to the upside. I have a longer-term target of 5000, but we will not be seen not until after the New Year’s Day celebrations. In the meantime, short-term pullbacks could be buying opportunities as the market has seen so much in the way of bullish pressure lately. I believe that there isn’t going to be much of a case for selling anytime soon.
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.
