The NASDAQ 100 initially fell during the week but found enough support near the 4625 level to turn things around and form a bit of a hammer. The hammer of
The NASDAQ 100 initially fell during the week but found enough support near the 4625 level to turn things around and form a bit of a hammer. The hammer of course suggests that were going to go higher, and a break above the top of the hammer should send this market looking for the 5000 level given enough time. There is a bit of noise just above, but ultimately we feel that the market continues the longer-term uptrend as we’ve seen so much bullishness recently in the NASDAQ 100.
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.