The NASDAQ 100 rallied on Tuesday, testing the resistance yet again. Because of this, I think that eventually we will break out but we may have to break
The NASDAQ 100 rallied on Tuesday, testing the resistance yet again. Because of this, I think that eventually we will break out but we may have to break above the 5000 level in order to see any real momentum pick up. I also believe that the market might be a bit hesitant to do it had of the holidays, so we could get several pullbacks in the short-term. Those pullbacks should be value though, so having said that given enough time I believe that every time we drop you can start scalping the market to the upside again.
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.
