The NASDAQ 100 fell significantly during the course of the week, testing the 4525 level. This is a market that has been very bullish lately, so a
The NASDAQ 100 fell significantly during the course of the week, testing the 4525 level. This is a market that has been very bullish lately, so a significant amount of bearish pressure during the last week doesn’t really change much. It is a simple pullback from highs, and as a result we think that the markets are trying to find value in order to continue to push the momentum to the upside and go towards the 5000 level. We have no interest in selling at the moment, and believe that longer-term traders will continue to be attracted to the NASDAQ 100.
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.
