The NASDAQ 100 went back and forth on Tuesday, as we continue to see quite a bit of volatility. The 4800 level above is going to be massively resistive,
The NASDAQ 100 went back and forth on Tuesday, as we continue to see quite a bit of volatility. The 4800 level above is going to be massively resistive, and thus I feel that this market breaking above there would be a very bullish sign, perhaps sending this market to the 4900 level. Pullbacks at this point could be thought of as buying opportunities as I believe there is quite a bit of bullish pressure overall, but I am the first person to admit that the NASDAQ 100 is a bit of a laggard when it comes to stock indices in America.
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.
