The NASDAQ 100 fell slightly during the day on Thursday, reaching down towards the 4900 level. This is an area that should be supportive, and thus it’s
The NASDAQ 100 fell slightly during the day on Thursday, reaching down towards the 4900 level. This is an area that should be supportive, and thus it’s only a matter of time before the market turns around and form some type of supportive candle that I can buy. I think that we will then reach towards the 5000 handle, which of course will be resistance above. Lots of choppiness will be the order of the day, as liquidity will be a massive issue. Nonetheless, I am bullish of this market longer term anyway.
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.
