The NASDAQ 100 initially tried to rally during the day on Monday, but found a bit too much in the way of resistance at the 4525 level to continue going
The NASDAQ 100 initially tried to rally during the day on Monday, but found a bit too much in the way of resistance at the 4525 level to continue going higher. However, the S&P 500 looks as if it is ready to go higher and we are at the bottom of a massive gap from the middle of October. With fact, if we can break above the top of the shooting star we feel that the market has the go-ahead to reach towards the 4625 handle. That being said though, this is a little bit of a concerning candle and as a result we may see bearishness in her this market again. Ultimately though, we do feel it’s much easier to buying and sell at the moment.
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.
