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.
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.
