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.
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.
