The NASDAQ fell hard during the session as all US indices did on Wednesday, slicing through the 4440 level. However, we still see a significant amount of
The NASDAQ fell hard during the session as all US indices did on Wednesday, slicing through the 4440 level. However, we still see a significant amount of support just below the 4400 level, so this point time we are going to avoid the NASDAQ today as the nonfarm payroll numbers come out tomorrow. We will pay attention to the set up to see which way the market is “leaning”, and then perhaps devise a strategy for Friday, although we have to admit that we do have a bullish bias overall. That being said, we think today will be very quiet.
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.
