Daily analysis and trade setups on NASDAQ 20220809

Aug 9, 2022

Happy Tuesday,

Macro: US Nonfarm Productivity, Unit Labor Costs

NDX is making rounds in the zone waiting for either leak of CPI today and/or official CPI tomorrow

NQ_F's line in the sand today is 13260. Bulls want to go above 13380 and bears want to push it below 13k handle.

Buy
Break: 13225, 13350, 13435
Reversal: 13090, 13000, 12930, 12860

Sell
Break: 13115, 13020, 12950
Reversal: 13240, 13375, 13450, 13535, 13610

Green Goblin levels are here >>>


Fibonacci confluence levels are here >>>

Aug 9, 2022

Note

Levels behaved well today on #NASDAQ

No #setup no #trade rule applies everyday

Only 1 trade with 65 pts

#CPI day tomorrow

This is how my levels published in the morning played out