Daily analysis and trade setups on NASDAQ 20220727

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 >>>

Chart with Green Goblins >>>

Chart with confluence levels >>>

Comment:

Getting better everyday.

This is how the price moved with my levels.