Nasdaq (+0.31%) had an inside day with low volumes. It seems the traders are still waiting for a direction. The overall reaction to the FED news is not bad, but watching and waiting for a direction is paramount now. The price is above all the key averages and might test the recent highs or even the next resistance at 12,100 - 12,270. As always, be prepared for the red scenario by watching the averages and last week low at 10,985.
Trading Plan: 27 March 2023
Trading Plan: 27 March 2023
Trading Plan: 27 March 2023
Nasdaq (+0.31%) had an inside day with low volumes. It seems the traders are still waiting for a direction. The overall reaction to the FED news is not bad, but watching and waiting for a direction is paramount now. The price is above all the key averages and might test the recent highs or even the next resistance at 12,100 - 12,270. As always, be prepared for the red scenario by watching the averages and last week low at 10,985.