The NASDAQ 100 gapped lower at the open on Thursday, and then simply went back and forth to show signs of consolidation. The 4600 level below is massively
The NASDAQ 100 gapped lower at the open on Thursday, and then simply went back and forth to show signs of consolidation. The 4600 level below is massively supportive, and that support extends to the bottom of the gap that had formed previously. The bottom is closer to the 4500 level, so at this point in time we believe it’s only a matter of time before the buyers step back into this market and we are looking for supportive candles in order to start buying the NASDAQ 100 yet again as we should reach towards the highs.
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.
