The NASDAQ 100 gapped higher and above the 4000 level during the course of the session on Wednesday, breaking well above that level and testing the 4050
The NASDAQ 100 gapped higher and above the 4000 level during the course of the session on Wednesday, breaking well above that level and testing the 4050 handle. We saw enough resistance there that the market turned back around to form a shooting star. The shooting star of course is a negative sign, and as a result it’s very likely that we will turn things around us or falling yet again. We believe that the market will try to target the 3900 level. With no interest in buying, there’s far too much in the way of bearish pressure above.
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.
