The NASDAQ 100 went back and forth during the course of the session on Monday, essentially doing nothing. However, we are trying to reach above the recent
The NASDAQ 100 went back and forth during the course of the session on Monday, essentially doing nothing. However, we are trying to reach above the recent highs, and when we do I feel that this market will continue to go much higher, perhaps reaching towards the 5000 level. Pullbacks at this point in time should continue to see plenty of support near the 4800 level, so with this being the case I feel that this is a “buy only” market, especially considering we are in such a low interest-rate environment when it comes the United States.
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.
