The NASDAQ 100 initially rallied during the day on Friday, but turned around at the 4850 level to form a bit of a shooting star. With this, the market
The NASDAQ 100 initially rallied during the day on Friday, but turned around at the 4850 level to form a bit of a shooting star. With this, the market looks as if we are going to continue to consolidate in this area, but it does appear that the market is in a larger uptrend, and with that being the case I feel that the only thing you can start buying. Eventually we should reach towards the 4900 levels, and then a break above there should reach towards the 5000 handle longer term.
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.
