Day: May 28, 2022
Hey Readers, It’s almost the end of May and the Nasdaq100 has been really unpredictable. The month of May, hmm.. we hit a wall and this wall brought in the bulls. This is what happened in the past week.
The 23rd of May, 2022 was a pretty good day for me. I remember just having the market at 12,000 and I was looking to sell to at least 11866. This was the first sign of the bulls I got. I took a sell from 11975 all the way down. Great trade, great day, and great start of the week. The next day, I realized that the Nasdaq100 was still in a range. The market kept making HLs (Higher -lows) and it never went past 11490 again. Listen, the market’s structure is all that should be your focus when trading.. The Nasdaq100 opened with a huge gap for Tuesday and that was a bull warning. I guess the bulls kept warning us they would be coming back ever since but we failed to heed. Well, “I”—Not “we”.. Nothing much happened on Tuesday and I learnt that even if there’s an unfinished business always, stick with the trend..
Wednesday, I feel Wednesday’ in Nasdaq100 are days to anticipate. The markets volatility on Wednesdays are incomparable. I highly believe the market starts on Wednesday and ends on Thursday night. Haha.. Anyway, the 25th of May was a bulls calling. Thanks to the FOMC, The bulls found their strength.