The NASDAQ 100 fell initially during the day on Wednesday, testing the 4800 level for support. We did find it there, and now it looks like we’re going to
The NASDAQ 100 fell initially during the day on Wednesday, testing the 4800 level for support. We did find it there, and now it looks like we’re going to reach towards the 4900 level below. With this being the case, I think that the markets continue to go back and forth and as a result I think that eventually will break out to the upside. Once we do, we will more than likely be reaching towards the 5000 level, and perhaps even higher than that. At this point in time, it’s very likely that the buyers will return again and again.
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.
