The NASDAQ 100 fell slightly during the course of the session on Wednesday, and as a result it looks like we are going to continue to grind sideways
The NASDAQ 100 fell slightly during the course of the session on Wednesday, and as a result it looks like we are going to continue to grind sideways overall. When we fall, I expect to see supportive candles just below on short-term charts in order to take advantage of what has been a fairly stable market. We are in the vacation season at this point in time, and as such the market will continue to be fairly low-volume. This does offer nice buying and selling opportunities on short-term charts, but not much more than that.
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.
