The NASDAQ 100 initially tried to rally on Friday, but pull back a little bit to form a shooting star. Ultimately, I think there’s plenty of support below
The NASDAQ 100 initially tried to rally on Friday, but pull back a little bit to form a shooting star. Ultimately, I think there’s plenty of support below though, and the 5000 level should be the “floor”. Given enough time, I think the buyers continue to push this market higher, so I’m not hesitant at all the start buying the NASDAQ 100 if we can break above the top of the candle from Friday as well. I have no interest in selling this market, as it is so overly bullish, just as all US indices are.
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.
