The NASDAQ as you can see gapped lower at the beginning of the week, crashing through to the 4300 level. With that being the case, the market bounced from
The NASDAQ as you can see gapped lower at the beginning of the week, crashing through to the 4300 level. With that being the case, the market bounced from a reasonable support level, and shot all the way up to the 4800 level. The fact that the gap not only got filled but broken above tells us that the market should continue to go much higher given enough time. We will look for pullbacks in order to take advantage of value in a market that is obviously very bullish.
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.
