The NASDAQ 100 broke out to the upside and reached to much higher levels. Now that we are above the 4900 level, looks as if the NASDAQ 100 can go to the
The NASDAQ 100 broke out to the upside and reached to much higher levels. Now that we are above the 4900 level, looks as if the NASDAQ 100 can go to the 5000 level now. With enough time, I believe we can break above there but I would expect quite a bit of resistance. The meantime, I’m a buyer of short-term pullbacks as they offer quite a bit of value in what should be an explosive move to the upside. I also believe that the 4900 level will now act as a bit of a floor in the market.
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.
