The NASDAQ 100 has turned right back around to form a positive candle during the day on Monday, and as a result it looks like we are going to reach
The NASDAQ 100 has turned right back around to form a positive candle during the day on Monday, and as a result it looks like we are going to reach towards the 4840 handle above. This is a market that continues to grind sideways overall, as it shows that the market still has quite a bit of bullish pressure as we have not pulled back from the massive move higher. At this point in time, the market should then reach towards the 5000 level given enough time, but we have to wait until more of the volume returns from summer break.
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.
