Daily analysis and trade setups on NASDAQ 20220804

Happy Thursday & Happy BOE day

Momentum is bullish. We trade candles and not predictions. It doesn't matter what economic outlook is bearish if the Mr.market wants to go up.

13200 is our pivotal line in the sand. Buy above and sell below to get rich slowly.

Macro: ECB Elderson Speech, GB BOE (everything), US Trade Balance, Jobless Claims, Fed's Mester Speech

Buy
Break: 13340, 13400, 13490
Reversal: 13200, 13120, 13050, 12990

Sell
Break: 13210, 13130, 13060, 13000
Reversal: 13340, 13390, 13490, 13550, 13640

Green Goblins chart here >>>


Confluence level chart here >>>