The NASDAQ as you can see broke higher during the course of the session on Wednesday, but could not clear the 4800 level decisively by the end of the day.
The NASDAQ as you can see broke higher during the course of the session on Wednesday, but could not clear the 4800 level decisively by the end of the day. We have not broken out to a fresh new high yet, but we do think it will happen and as soon as it does we are buyers. We have no interest whatsoever in selling this market at this point time, because we find plenty of support in this market all the way down to the 4500 level. If we break above and out, we believe sooner or later this market will test the 5000 level.
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.
