The NASDAQ 100 gapped slightly higher at the open on Wednesday, as we continue to go higher in general. We believe that the market is one that you can buy
The NASDAQ 100 gapped slightly higher at the open on Wednesday, as we continue to go higher in general. We believe that the market is one that you can buy calls in, and a break above 4600 is all but assumed at this point. With this, I believe that we will reach towards the 4725 level, and then eventually break out above there for the longer-term move up to the 5000 handle. Granted, that’s a long-term call, but I do think that’s where we end up. The 4500 level below is the “floor” in this market right now.
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.
