The NASDAQ 100 initially fell during the day on Friday in reaction to be stronger than anticipated jobs number out of America, as fears of interest-rate
The NASDAQ 100 initially fell during the day on Friday in reaction to be stronger than anticipated jobs number out of America, as fears of interest-rate hikes enter the marketplace. However, as is normally the case we ended up seeing the initial reaction reverse. It now appears that the market may focus on the fact that the US economy could be strengthening, and that of course is good for stocks. There is a huge gap below that should continue to keep this market afloat, so this point time we have no interest in selling. We buy impulsive green candles and of course pullbacks and show signs of support such as we have seen for the last three sessions in a row.
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.
