The NASDAQ 100 initially tried to rally during the course of the week but found the area above the 4800 level before too exhaustive. By doing so, we ended
The NASDAQ 100 initially tried to rally during the course of the week but found the area above the 4800 level before too exhaustive. By doing so, we ended up forming a slightly negative candle but I think there’s more than enough support just below to keep this market going higher. This is a market that has been somewhat parabolic so a pullback from here is very healthy. I’m waiting to see signs of support or a bounce that I can take advantage of in the longer-term trend.
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.
