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.
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.
