Nasdaq (1.45%) made an important gap up and descended during the day. The volumes were quite substantial, it seems new money is entering the market. I think it is healthy to have here a pause, a consolidation before a continued advance. Anyway, as always, be prepared for all scenarios and watch the next resistance and of course, the old resistance that has become minor support now.
Trading Plan: 16 November 2022
Trading Plan: 16 November 2022
Trading Plan: 16 November 2022
Nasdaq (1.45%) made an important gap up and descended during the day. The volumes were quite substantial, it seems new money is entering the market. I think it is healthy to have here a pause, a consolidation before a continued advance. Anyway, as always, be prepared for all scenarios and watch the next resistance and of course, the old resistance that has become minor support now.