The NASDAQ 100 fell during the session on Monday, testing the 4680 level. We bounced enough to form a bit of a hammer though, so we believe that the
The NASDAQ 100 fell during the session on Monday, testing the 4680 level. We bounced enough to form a bit of a hammer though, so we believe that the market should continue to go higher given enough time. However, we have been stuck in consolidation for a couple of months now, so we believe this is a short-term buying opportunity at best. We have no interest in selling, because quite frankly we believe that the longer-term uptrend should continue, especially after the New Year’s holiday. We believe eventually this market can break out and reach above the highs.
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.
