Did Tesla found support? It's up 1.24%. That it maybe, I still recommend caution.
The bar today is showing indecision. It's kinda like that time when you wanted to buy that cool iPhone and you end up buying that power cable charger first, that's how traders are right now.
Nasdaq is consistent. Consistently being red after the bell. Two consecutive days. Technology sector is also red. I don't blame the traders, we have a jam pack day ahead of us tomorrow. Consumer Price Index is coming out.
Speaking of CPI report, my initial thought is thank goodness it's finally here.
The last two sessions were brutal because it was moving in 2x slow motion.
Imagine watching a YouTube video at play speed set to 0.5. Picture that.
Bars closing at short range. I found myself watching as my trade get stopped out because of this.
That said, be ready for an exciting, adrenaline gushing, implied volatility all over the place Wednesday. Have fun with it and stick with your rules.
Almost forgot, Bitcoin hit 30K in case you missed it.
You only lose if you don't have a stop loss. Cheers, Traders.
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I am not a professional investment adviser and my opinions are based on my own technical analysis. Please consult an investment professional before making investment decisions.
Do your due diligence if or when placing a trade. All ideas stated here are my own and do not represent trading or investment advice.