The NASDAQ 100 initially tried to rally on Wednesday, but continues to find exhaustion above. Ultimately, if we pull back it’s only a matter of time
The NASDAQ 100 initially tried to rally on Wednesday, but continues to find exhaustion above. Ultimately, if we pull back it’s only a matter of time before the buyers return. The 5000-level underneath is massively supportive, as it was one so massively resistive. Ultimately, a supportive candle is what is needed on the daily chart for me to start going long, and I do think that we will get it. However, we may have a little bit of volatility in the short term. I have no interest in selling this market at all.
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.
