The NASDAQ is down today, so we are reviewing this market update to see how the charts are reacting to the selling pressure.
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Today the market is showing signs of being technically oversold, and we are breaking down what this means for your intraday outlook. My trading strategy focuses on avoiding overnight short positions, allowing us to minimize risk during periods of high volatility rather than holding through uncertain gaps.
We are also looking at specific setups, including recent price action in Micron Technology. Understanding how to manage these moves is essential for long-term consistency, and reviewing these charts helps us separate market noise from actual data so we can adjust our positions accordingly.
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