The NASDAQ 100 rallied during the session on Monday, and this means that the market will probably bounce hard as we fell hard. The market will have to
The NASDAQ 100 rallied during the session on Monday, and this means that the market will probably bounce hard as we fell hard. The market will have to deal with noise at the 4500 level, and this is going to be a difficult move to break above. This market certainly has a lot of support below, and this is the market that typically leads the rest of the US indices, and is often where we see the positive move happen first. Because of this, we are bullish of the NASDAQ 100, but understand we need a break above the top of the session on Monday in order to think about going long.
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.
