The NASDAQ 100 rallied on Thursday, as we continue to see quite a bit of bullish pressure in general. The 4900 level above should continue to be the
The NASDAQ 100 rallied on Thursday, as we continue to see quite a bit of bullish pressure in general. The 4900 level above should continue to be the target going forward, as the NASDAQ 100 has a bit of catching up to do. I think pullbacks should continue to offer bullish pressure and support, as the 4800 level should now be the “floor” in this market. After all, the S&P 500 and the Dow Jones 30 have both broken out to extreme highs, so the NASDAQ 100 seems to be lacking a bit, but typically will follow.
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.
