The NASDAQ 100 broke higher during the course of the week, using the 4800 level as support. If we can continue to see buyers enter this market, I feel
The NASDAQ 100 broke higher during the course of the week, using the 4800 level as support. If we can continue to see buyers enter this market, I feel that we will break above the 4900 level and then reach towards the 5000 level. With this, the markets continue to find buyers below so I do think that we break out to the upside but it is going to be very volatile. Perhaps it might be easier to trade off of the short-term charts if you have issues with the choppiness.
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.
