The NASDAQ 100 initially fell during the day on Friday, testing support yet again just above the 4800 level. Because of this, we ended up forming a hammer
The NASDAQ 100 initially fell during the day on Friday, testing support yet again just above the 4800 level. Because of this, we ended up forming a hammer which of course was preceded by the hammer before that. I believe that given enough time we will then grind towards the 4900 level, and if we can break above there the market could very well find its of reaching towards the 5000 handle. I believe that the 4800 level below is massively supportive, and with that I am bullish overall and have no interest whatsoever in selling.
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.
