Nasdaq (-1.37%) continued its downtrend (in a way as expected after the previous day's weak close) with above-average volumes. Having another distribution day, the odds are to see lower prices in the short term. Watching for a new base to be built. SP-500 (-0.84%) had also another distribution day and the price seems to keep going lower and lower. Watching the previous supports and waiting patiently to see a base forming.
Trading Plan: 23 September 2022
Trading Plan: 23 September 2022
Trading Plan: 23 September 2022
Nasdaq (-1.37%) continued its downtrend (in a way as expected after the previous day's weak close) with above-average volumes. Having another distribution day, the odds are to see lower prices in the short term. Watching for a new base to be built. SP-500 (-0.84%) had also another distribution day and the price seems to keep going lower and lower. Watching the previous supports and waiting patiently to see a base forming.