The NASDAQ 100 fell on Friday as we continue to grind sideways in general. The 4900 level below continues to be massively supportive, as it was previously
The NASDAQ 100 fell on Friday as we continue to grind sideways in general. The 4900 level below continues to be massively supportive, as it was previously resistive. At this point, if you that the market can continue to go higher, and with this I am waiting for a bounce off of the 4900 level, or perhaps some type of supportive candle in order to go long. I have no interest in selling, and even if we break below the 4900 level, and think there is more than enough support below to cause the market to rise over the longer term anyway.
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.
