The NASDAQ as you can see fell during the course of the session on Monday, as the stock markets in America all drifted a bit lower. However, we think
The NASDAQ as you can see fell during the course of the session on Monday, as the stock markets in America all drifted a bit lower. However, we think there is more than enough support below to keep this market going higher, but we do not have the right supportive candle in order to start buying quite yet. With this, we are on the sidelines but certainly don’t have any reason to start buying at the moment either. Given enough time, we will buy a supportive candle, but we do not have it so we are simply going to observe.
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.
