The NASDAQ as you can see broke higher during the course of the day on Thursday, clearing the 4440 level. The market looks ready to continue going higher,
The NASDAQ as you can see broke higher during the course of the day on Thursday, clearing the 4440 level. The market looks ready to continue going higher, but we did get back about half of the gains, suggesting that perhaps a short-term pullback needs to happen first. Because of this, we are bit cautious but we do recognize a pullback should be buying opportunities before it’s all said and done. Ultimately, we should head to the 4600 level, and possibly even higher than that. The gap below should be massively supportive near the 4300 area.
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.
