The NASDAQ 100 fell during the day on Monday as US indices in general world negative. The market broke out recently, and now we are coming back to retest
The NASDAQ 100 fell during the day on Monday as US indices in general world negative. The market broke out recently, and now we are coming back to retest that area for support. As we have bounced slightly towards the end of the day, it now looks as if the buyers are coming back and therefore I’m willing to buy on the first signs of an impulsive candle to the upside, or a supportive candle as we should then reach towards the 5000 level given enough time. I have no interest in selling this market at all.
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.
