Today's focus: Nasdaq
Pattern – Range
Support – 17,832
Resistance – 18,355
Hi, traders; thanks for tuning in for today's update. Today, we are looking at the Nasdaq daily.
Price remains range-bound. Do traders feel today's CPI will be bearish or bullish?
Yesterday, buyers showed some strength, stopping a bear move and reversing losses. Could good news on the CPI and minutes front maintain buyer control?
We have run over the primary levels and are currently holding the price. Depending on what we see from the CPI, could we see a new break that is lower or higher? Traders also have to be aware of false breakouts.
Good trading.