The NASDAQ as you can see gapped lower at the open on Thursday, slamming into the 4930 handle. We believe that there is more than enough support just
The NASDAQ as you can see gapped lower at the open on Thursday, slamming into the 4930 handle. We believe that there is more than enough support just below though, especially considering the 4900 level has offered so much in the way support previously. With this, a supportive candle would have us buying this market as we should head back towards the 5100 level. If we were to break down below the 4900 level, that would be very negative, but typically this NASDAQ index has been one of the better performers that we follow.
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.
