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.
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.
