The NASDAQ 100 fell during the course of the session on Wednesday, testing the 4300 level. The 4300 level should be relatively supportive though, as it
The NASDAQ 100 fell during the course of the session on Wednesday, testing the 4300 level. The 4300 level should be relatively supportive though, as it was an area that found quite a bit of resistance previously. Because of this, we are waiting to see whether or not we get a supportive candle or at least a bounce that we can start going long based upon. With this, we don’t really have any interest in selling, because there are far too many noisy area is just below. Having said that, one thing that you can count on is a lot of choppiness.
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.
