The NASDAQ 100 initially tried to rally during the day on Tuesday, but found the area above the 4900 level be a bit too resistive. With this being the
The NASDAQ 100 initially tried to rally during the day on Tuesday, but found the area above the 4900 level be a bit too resistive. With this being the case, looks like we may need to pull back a little bit to build up momentum but I have no interest whatsoever in selling. A break above the top of that candle from Tuesday would also be a buying opportunity, but either way I have no interest in selling this market no matter what happens as we have so much upward momentum in general and have recently broken out.
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.
