The NASDAQ as you can see fell rather hard during the course of the day on Thursday, but bounce significantly in order to form a nice-looking hammer.
The NASDAQ as you can see fell rather hard during the course of the day on Thursday, but bounce significantly in order to form a nice-looking hammer. Because of that, we are bullish of this market on a move above the 4440 level, and believe it will head to the 4500 level. A better than anticipated jobs number coming out today of course would send this market higher anyway, so we do like buying this market in general. We believe that there is a significant amount of support below, so we have no interest in selling.
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.
