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.
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.
