The NASDAQ 100 initially tried to rally during the course of the session on Monday, but struggled a bit as we pulled back to form a slightly resistive
The NASDAQ 100 initially tried to rally during the course of the session on Monday, but struggled a bit as we pulled back to form a slightly resistive looking candle. Nonetheless though, we believe that pullbacks will find buyers below and therefore will be buying opportunities. Given enough time, we believe that this market does break out to the upside and eventually runs to the 5000 level over the longer term. We have no interest whatsoever in selling as the NASDAQ 100 has been so bullish over the last couple of months.
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.
