The NASDAQ as you can see broke higher during the course of the day here on Monday, clearing the 4300 level. Because of that, we feel that the market is
The NASDAQ as you can see broke higher during the course of the day here on Monday, clearing the 4300 level. Because of that, we feel that the market is ready to go higher, and as a result we will eventually hit the 4600 level. Pullbacks going forward should continue to be buying opportunities as well, as the market is most certainly starting to turn as far as its momentum is concerned. We have no interest in selling this market right now, and as a result we are looking for buying opportunities and the fact that the market close at the very highs of the day signals that there is in fact quite a bit of buying pressure.
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.
