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.
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.
