The NASDAQ had a fairly quiet session on Friday, as we essentially bounced around and went nowhere. Ultimately, the market looks as if it is ready to
The NASDAQ had a fairly quiet session on Friday, as we essentially bounced around and went nowhere. Ultimately, the market looks as if it is ready to continue going higher, so we are buyers of short-term pullbacks, as well as a break above the top of the range for the day, essentially the 4850 level. Given enough time, we feel the market goes to the 5200 level as well, as we have seen an extraordinarily strong move off of the lows over the last several sessions. We have no interest in selling, and believe that stability has returned.
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.
