Daily analysis & day trading setups - NASDAQ NAS100USD 20220831

Happy month end, Happy Midweek, Happy Wednesday,

So finally we are ending a volatile month.

NASDAQ is making bear flag after bear flag and breaking down since 13 530. Today, we are breaking down from another bear flag. However, the drops are becoming smaller.

The line in the sand for the day is 13 438.

If we break 12220, it will open up for 11925. Break out of 12475 with further move above 12670 will signal change in direction.

REMEMBER it's a mid week month end.

Macro EU DE Unemployment, HICP, US Employment Change, Chicago PMI

Buy
Break: 12 385, 435, 460
Reversal: 12 345, 300, 256, 230, 205, 157, 118

Sell
Break: 12 350, 325, 300, 256, 230, 141
Reversal: 12 382, 406, 447, 500, 560

I regularly publish my daily analysis & trading plan for day trading setups. The links are here:

Green Goblin levels are here >>>