Nasdaq (-0.18%) gapped down but closed at the highs. This bull flag with two-day consolidation is healthy and might signal a further advance. Watching the marked levels; a price above the recent resistance is constructive. SP-500 (-0.12%) succeed in staying above the SMA200 which is a powerful price action. Seeing volumes coming in will be very bullish while rejection can send the price back to the lows. Be open and cautious at this type of inflection point. Watching the resistance and the EMA21 level.
Trading Plan: 5 December 2022
Trading Plan: 5 December 2022
Trading Plan: 5 December 2022
Nasdaq (-0.18%) gapped down but closed at the highs. This bull flag with two-day consolidation is healthy and might signal a further advance. Watching the marked levels; a price above the recent resistance is constructive. SP-500 (-0.12%) succeed in staying above the SMA200 which is a powerful price action. Seeing volumes coming in will be very bullish while rejection can send the price back to the lows. Be open and cautious at this type of inflection point. Watching the resistance and the EMA21 level.