The NASDAQ 100 continues to show strength, as the Tuesday session led to yet another high. In fact, we broke above the top of the shooting star for money,
The NASDAQ 100 continues to show strength, as the Tuesday session led to yet another high. In fact, we broke above the top of the shooting star for money, so it suggests to me that buyers are going to continue to push much higher. I believe that the 5000 level is now the “floor” in the market, and that pullbacks should continue to be supported. After all, most traders would recognize this as a break out, and those who have missed the move will be looking to get involved as soon as they can.
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.
