The NASDAQ 100 initially fell on Wednesday but found enough buyers underneath to turn things around and break above the 4800 level. As I have been saying,
The NASDAQ 100 initially fell on Wednesday but found enough buyers underneath to turn things around and break above the 4800 level. As I have been saying, move above that level should send this market looking for the 4900 level above. That is the top of the recent consolidation area and as a result I feel that it’s only matter time before reach there. If we can break above that level, then we go to the 5000 level which is my longer-term target. Pullbacks now should show plenty of support that we can take advantage of and look at as “value.”
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.
