The NASDAQ gapped lower at the open on Friday, and then fell off of a cliff. We closed at the 4276 level, and as a result it appears that we will continue
The NASDAQ gapped lower at the open on Friday, and then fell off of a cliff. We closed at the 4276 level, and as a result it appears that we will continue to go lower. If we can get below the 4250 level, and even more specifically the 4200 level, we feel that this market should continue to go much lower, probably 4000 given enough time. If we do get a supportive candle here though, we could be at a decent area to find a buying opportunity as we are sitting right on top of a longer-term trend line.
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.
