The NASDAQ as you can see fell hard during the course of the week, failing at the 4500 level. With that being the case, the market looks as if it’s ready
The NASDAQ as you can see fell hard during the course of the week, failing at the 4500 level. With that being the case, the market looks as if it’s ready to continue to go lower, but is sitting right on a uptrend line. Although the market looks very weak, we have not close below that so we feel that the daily close below 4200 is will we need to see in order to start shorting this market. That being said though, most stock markets around the world look very vulnerable right now.
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.
