Daily analysis and trade setups on NASDAQ 20220727

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Very Happy Volatility Day & Very Happy FOMC Day

We are likely to see 700 to 800 points move today

Scenario 1: FOMC News Bearish Reaction
  • - Initial bounce to 12430 or even 12600
  • - After initial bounce, break of 12170 will lead to 11900
  • - Selling begets selling could lead to 11500


Scenario 2: FOMC News Bullish Reaction
  • - Initial drop to 12060 extending to 11930 or even 11870
  • - After initial drop, rip to the upside all the way to 13000
  • - Buying frenzy can push it all the way to 13400 before retreating to ~13000


Scenario 3: I am proven one of the greatest FURU
  • - I am a FURU
  • - I am a FURU
  • - I am a FURU


Chart with Blue B, C, D, E levels >>>

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Chart with Green Goblins >>>

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Chart with confluence levels >>>

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This is how the price moved with my levels.

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