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.
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.
