Daily analysis & day trading setups - NASDAQ NAS100USD 20220829

Happy New Week, Happy Monday,

BE CAREFUL. NASDAQ is now stacking up >>> DMA200 > DMA10 > DMA100 > DMA50 > Price Action

Line in the sand today is 12590 but headwinds are strong. If DMA50+100 holds, there is chance of immediate recovery. Otherwise, break of 12380 will open up 12 280, 11990 and even 11695.

Macro Macro ECB Lane Speech, US Fed's Brainard Speech

Buy
Break: 12 475, 545, 583, 670, 795
Reversal: 12 380, 282, 205, 120

Sell
Break: 12 400, 300, 215,
Reversal: 12 547, 605, 700, 815, 900, 13055

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Green Goblin levels are here >>>