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.
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.
