The NASDAQ 100 gapped lower at the beginning of the week, but found enough support near the 3900 level to turn things back around and form a rather
The NASDAQ 100 gapped lower at the beginning of the week, but found enough support near the 3900 level to turn things back around and form a rather positive looking candle. That being the case, the market looks as if it could bounce from here, but at this point in time we recognize that there is quite a bit of resistance above that could continue to put pressure on the market. Ultimately, we need to see a general stabilization of the markets overall in order to buy the NASDAQ 100.
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.
