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.
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.
