Navigating Another Gap-Up Open | Trading AMD, SPY, QQQ
The Nasdaq is in correction territory.
Technical Breakdown
NYSE Breadth: 68% Downside Volume
NASDAQ Breadth: 68% Downside Volume
Even though we got exactly what we were looking for yesterday — a mild gap-up that was sold into — it still wasn’t easy to navigate. The markets were slippery going into the close yesterday, ending the session near the lows.
However, traders are again being greeted …
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