Premarket Analysis Nasdaq100 For Day Traders
After yesterdays huge move down, there are 3 options that could play out today. Price is currently in a no trade zone as it is inside the 50/100 ema. Price is above the ema and also the pivot point which shows bullish momentum, however price is inside the 50/100. Therefore we have some discrepancy in todays market bias which could make it a choppy market for traders. Not much news for today and no major earning reports, so it will be an interesting day. Pay attention to the MAMAA stocks, as they will drive the Nasdaq.
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