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.
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.
