The NASDAQ 100 did very little during the day on Thursday as there wasn’t much to move the markets, but we need to look for value on pullbacks in order to
The NASDAQ 100 did very little during the day on Thursday as there wasn’t much to move the markets, but we need to look for value on pullbacks in order to start going long. The 4725 level above is the target, and if we can get above there this market should then go to the 5000 level. This move may take a bit of time, and the lot of choppiness to get there. Ultimately though, we think that the recent bounce at the site of the gap suggests that we are most certainly still in an uptrend.
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.
