The NASDAQ 100 rose to a fresh, new high during the session on Monday, and it now appears that we are going to break above the 4700 level. Once we do, the
The NASDAQ 100 rose to a fresh, new high during the session on Monday, and it now appears that we are going to break above the 4700 level. Once we do, the market continues to go higher in our opinion, reaching towards 5000 given enough time. We believe the pullbacks from here should find plenty of support based upon the gap below, especially as the 4500 level was blown past like it wasn’t even there. With this, we are buyers and have no interest in selling as the market should continue to be one that shows real strength.
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.
