Day: May 28, 2022

Nasdaq What Now Episode 18

Nasdaq What Now Episode 18

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.