The NASDAQ initially fell during the course of the day on Thursday, but found enough support near the 5030 level to turn things back around and form a
The NASDAQ initially fell during the course of the day on Thursday, but found enough support near the 5030 level to turn things back around and form a positive candle. With this candle, we are buyers as we believe the NASDAQ will probably head towards the 5150 handle, where we see resistance. Pullbacks will continue to be buying opportunities again and again, offering the opportunity to go higher over the longer term. We believe that’s exactly what’s going to happen, but it will be volatile on the way out. We have no interest whatsoever in selling the NASDAQ at this point.
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.
