The NASDAQ 100 fell slightly during the session on Tuesday, but found enough support below to turn things around and form a slightly supportive candle. I
The NASDAQ 100 fell slightly during the session on Tuesday, but found enough support below to turn things around and form a slightly supportive candle. I believe that the market continues to go higher, and the 5000-level underneath should be a bit of a “floor” in this market, as we continue to see the longer-term uptrend. Ultimately, I believe that the market is going to reach towards the 5100 level, and that selling is all but impossible at this point. I believe that the 5000-level support extends all the way down to the 4950 handle.
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.
