The NASDAQ 100 initially gapped higher and then pulled back during the session on Wednesday. However, we turned back around at the 4625 level and formed a
The NASDAQ 100 initially gapped higher and then pulled back during the session on Wednesday. However, we turned back around at the 4625 level and formed a bit of a hammer. This suggests to us that the NASDAQ 100 should continue to go much higher. We are bullish of this market, and recognize that it is one of the better performers in the United States right now. There is a massive gap below that should continue to keep this market afloat, so therefore we have absolutely no interest in selling the NASDAQ 100.
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.
