The NASDAQ 100 initially fell during the week but found enough support near the 4625 level to turn things around and form a bit of a hammer. The hammer of
The NASDAQ 100 initially fell during the week but found enough support near the 4625 level to turn things around and form a bit of a hammer. The hammer of course suggests that were going to go higher, and a break above the top of the hammer should send this market looking for the 5000 level given enough time. There is a bit of noise just above, but ultimately we feel that the market continues the longer-term uptrend as we’ve seen so much bullishness recently in 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.
