The NASDAQ 100 went back and forth during the course of the session on Friday, bouncing off of the 4800 level. Ultimately, the market continues to see
The NASDAQ 100 went back and forth during the course of the session on Friday, bouncing off of the 4800 level. Ultimately, the market continues to see quite a bit of pressure in both directions, but at this point in time it looks as if we will probably continue to seek negative pressure in the short-term, followed by a bounce. Am waiting to see a supportive candle that I can go long based upon, but may have to look to very short-term charts in order to take advantage of it. A break down below the 4750 level is negative.
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.
