Thursday, August 10, 2023

Nasdaq 100 - Another Wave of Heavy Selling





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. 

Ronnard - Market Psychologist - A Stock Market Opportunist