The NASDAQ 100 initially tried to rally during the session on Monday but turned around to form a slightly negative candle. I still see a massive amount of
The NASDAQ 100 initially tried to rally during the session on Monday but turned around to form a slightly negative candle. I still see a massive amount of support just below at the 5000 region, so I believe it’s only matter of time before the buyers come back and get aggressive again. I’m waiting for that to happen, and I have no interest whatsoever in selling this market and I believe it is in a very strong position and of course will lead the rest of the US indices higher. Ultimately, I believe that we reach towards the 5100 level.
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.
