The NASDAQ 100 fell during the course of the session on Tuesday, testing the 4320 handle. There is quite a bit of support just below though, so this point
The NASDAQ 100 fell during the course of the session on Tuesday, testing the 4320 handle. There is quite a bit of support just below though, so this point in time it looks as if there could be a bit of a bounce just below, so we are waiting to see whether or not we get a supportive candle. If we do, then we can think about buying as it has been a nice pullback from the rally that should offer the ability for buyers to pick up this market “on the cheap”, and see this situation is a value.
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.
