The NASDAQ as you can see initially tried to fall during the session on Wednesday, but when the Federal Reserve minutes came out, traders began to buy
The NASDAQ as you can see initially tried to fall during the session on Wednesday, but when the Federal Reserve minutes came out, traders began to buy stocks in order to take advantage of what looks like longer than anticipated low interest rates. Because of this, the market should continue to go higher and we are therefore bullish of the NASDAQ and will look at short-term pullbacks as buying opportunities. We don’t think that the market will make an easy move higher, but ultimately we should test the 4600 level again. We have no interest in selling.
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.
