Trading Plan: 8 September 2022

Nasdaq (+2.14%) reversed from the support and buyers come kept on coming in during the day and the close was quite good. It is possible to have another rally. Watching now the SMA50 / EMA20 levels and of curse the just tested support.

SP-500 (+1.83%) also come back from the support and headed to its main averages (SMA50 and EMA21). I would like to see (a little bit) more volumes to the upside, but generally, buyers keep on waiting for more confirmation during a bear market. This support seems to be strong, but if broken, we might see more red candles. For now, let’s see if we have a new rally to the upside and how far it can go.

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