Another huge waves of selling in the Nasdaq last evening. The market was so sellers saturated and buyers would dare to even buy the market. I think it's got to do with the CPI data and also that the Nasdaq has reached a critical supply zone where sellers were overpowering buyers. Traded $750,000 USD this time as I wasn't that confident but still managed to get the best out of the market. The 5 minute chart for the Nasdaq shows the saturation point where the sellers were waiting for kill the buyers and indeed, I witnessed waves and bulk of unwavering selling.
Disclaimer: The purpose of this blog is not intended to induce or promote any insider trading or manipulation activity. This blog is created for the sole purpose of education, discussion and knowledge sharing. All charts and information can be obtained freely from the public internet. All analysis are based on my own personal view and years of experience. It should not be used as a decision to solicit buy/sell activity. Use all information at your own discretion and practice due diligence.
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Thursday, August 10, 2023
Nasdaq 100 - Another Wave of Heavy Selling
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