Day: May 8, 2022
he tech-savvy Nasdaq100 had it’s fifth straight week of declines last week. It’s her longest losing streak since late 2012. Last week, I made no predictions. My plan was, “Start from the Monthly since we’ll be in May (by the way, Happy new month) wait for that new candle to pop and see how it opened. Then head over to the weekly. On the weekly, we are currently bearish with the market below previous Lower-lows. But I mean, Anything is possible (Plus we’re news packed for this week?). Furthermore, I’ll be waiting to see if we open up bullish. If we do, then you know—Head over to the daily for confirmations. I feel like for the Nasdaq100 bulls to come in, the 12800 (check this link to see them mark-ups) zone needs to become support. If that zone breaks, then we’ll be really going for that funeral in Nasdaq100. I mean there’s a lower high created already so damn I see a clean 12k if there’s a break. Anyway, the 4-hour will be for rejections as usual, then the 15 minutes—my entry time-frame. Let me see what Monday holds”.. Well, this week, the market opened bearish and stayed bearish.. I remember the question for last week was about the feds. I asked, “dovish or hawkish?” Which are we getting.