The NASDAQ 100 bounced off the 4800 level during the day on Wednesday, showing signs of support. By doing so, it looks as if it is relatively strong, but
The NASDAQ 100 bounced off the 4800 level during the day on Wednesday, showing signs of support. By doing so, it looks as if it is relatively strong, but we did get back some of the gains during the day. By doing so, it looks like we are not quite ready to go higher yet but I believe that if we can break above the top of the candle for the session on Monday the buyers will push the NASDAQ 100 to the 4900 level. The 4750 level below seems to be the “floor.”
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.
