The NASDAQ broke higher during the course of the day on Wednesday, as we cleared the top of the range from the Tuesday session. There is a lot of noise
The NASDAQ broke higher during the course of the day on Wednesday, as we cleared the top of the range from the Tuesday session. There is a lot of noise above though, so at this point in time we may have to pullback in order to start going long again. There is no interest in selling this market, but bullish pressure has most certainly accelerated as we broke out below the 4400 level below. Ultimately, this is a market that should continue to see buyers enter again and again, as we target the 4600 level.
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.
