The NASDAQ 100 fell significantly during the day on Monday, testing the 4625 level. However, we think that there is more than enough support below to keep
The NASDAQ 100 fell significantly during the day on Monday, testing the 4625 level. However, we think that there is more than enough support below to keep this market going higher so we do not wish to sell. We think that the gap that extends all the way down the 4500 is massively supportive, and as a result we are looking for a supportive candle in order to start buying again. We believe that the market will go much higher given enough time, as there is more than enough momentum going forward.
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.
