The NASDAQ 100 initially tried to rally during the course of the day on Friday, but found enough resistance above the 4800 level to turn things around and
The NASDAQ 100 initially tried to rally during the course of the day on Friday, but found enough resistance above the 4800 level to turn things around and form a bit of a shooting star. That shooting star of course is a negative sign and I believe are going to fall from here and start looking for a supportive level. My suspicion is that the 4700 level will offer that level. I’m looking for support candle in order to take advantage of value, and until then am on the sidelines in this particular market.
Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.
