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.”
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.
