The NASDAQ 100 initially fell during the course of the session on Wednesday, but turn right back around to form a hammer. If we can break above the top
The NASDAQ 100 initially fell during the course of the session on Wednesday, but turn right back around to form a hammer. If we can break above the top the hammer, we then look to higher levels, especially once we break above the 4900 level. Once we get above there, the market should then reach for the 5000 level, which is the longer-term target that I’ve had for some time. I have no interest whatsoever in selling this market, and at the 4800 level I suspect that there is going to be a bit of a “floor.”
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.
