The NASDAQ initially gapped lower at the open for the week, but then found enough support below the 5050 level to turn things back around and head towards
The NASDAQ initially gapped lower at the open for the week, but then found enough support below the 5050 level to turn things back around and head towards the 5150 level. We believe that the market should continue to go even higher, so short-term pullbacks should be buying opportunities. On top of that, if we can break above the top of the range, we would be buyers as well. With no interest in selling and we believe that the 5000 level should continue to be a bit of a “floor” in this market.
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.
