Tuesday, August 8, 2023

Ron K - 5 Minute Supply Zones Touched, CPI Data Wary





Traded another $4,163,774 USD down the market last evening with so much confidence even though the market went ranging up/down without a clear direction. The CPI data is coming out this coming Thursday and one should be super wary of it because it might smash the Nasdaq down or lift the market higher with higher stock prices too. Looking at the chart, I am not very sure but I saw the Nasdaq touched the supply zone with some heavy sellers emerging which one should be absolute cautious. Well, a quick fast lasts evening to protect my capital is always a blessing. $$ in pocket is never a wrong thing to start with. 

Ronnard - Market Psychologist - A Stock Market Opportunist