The NASDAQ as you can see gapped higher at the open on Tuesday, and then just continue to go much higher. We broke above the 4400 level, which of course
The NASDAQ as you can see gapped higher at the open on Tuesday, and then just continue to go much higher. We broke above the 4400 level, which of course is a good sign, and therefore we feel that pullbacks will bring in buyers as there is most certainly quite a bit of buying pressure below. Ultimately, we think this market goes as high as 4600, and therefore we have no interest in selling it now that it appears we have bottomed. In fact, we would not be surprised at all to see this market make a fresh, new high.
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.
