The NASDAQ 100 rose during the course of the week but then turned around to form a bit of a shooting star. This was preceded by a shooting star from the
The NASDAQ 100 rose during the course of the week but then turned around to form a bit of a shooting star. This was preceded by a shooting star from the week before, so that of course is a somewhat bearish sign. However, we recognize that there is a quite a bit of bullish pressure underneath and what you do not see on this chart is the gap that formed on the daily chart. With that being the case, we think that when this market pulls back, there will be buyers to catch this market and send it higher.
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.
