Daily analysis and trade setups on NASDAQ 20220810

Happy Midweek, Happy CPI Day,

As mentioned in the analysis yesterday, bears did try to bring NDX below 13k. Bulls have bearly (barely 😇) managed to push it back > 13k.

Line in the sand today is 13070 for NQ_F

Macro: US CPI

Buy
Break: 13060 13180 13265 13325
Reversal: 12995 12930 12850 12790 12720 12940

Sell
Break: 13010 13945 13875 13800 12735
Reversal: 13200 13280 13340 13390 13455 13570

Green Goblin levels are here >>>


Fibonacci Confluence levels are here >>>