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With PPI, CPI and consumer sentiment ahead, could markets stay range-bound? #nasdaq #trading #market

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ticker lesson

Breakdown

0:00lesson

NASDAQ short trade setup

  • Short NASDAQ trade taken
  • Back above opening range breakout high
  • Trying to drop below NASDAQ midline
  • S&P struggling to close above midline
  • Opportunity to sell NASDAQ if below midline
0:01NASDAQ· ticker

NASDAQ — back above opening range breakout high

  • Rallied off midline
  • Back above opening range breakout high
  • Trying to drop below midline
  • S&P struggling to close above midline
  • Opportunity to sell NASDAQ if below midline
0:02S&P· ticker

S&P — struggling to close above midline

  • Struggling to close above midline
  • May present another sell opportunity
  • Looking for VWAP below New York session
  • NASDAQ below opening range breakout high
  • Another stab down to midline
0:03lesson

Economic data impact on market

  • Upcoming US data releases
  • Apple release
  • PPI report
  • CPI report
  • University of Michigan consumer sentiment
0:04NASDAQ· ticker

NASDAQ — setup for potential trade

  • No firm close below opening range breakout
  • May be getting there
  • Setup for potential trade
  • Already had trade this morning
  • Another opportunity before lunch time

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