Nasdaq 100 Traders Eye Third Bounce Ahead of FOMC Minutes

9 Okt

They say "buy low, sell high," and that has been the strategy for short-term Nasdaq 100 traders over the past few days. The price has bounced twice from the 19,630-19,800 range, only to be capped just above the 20,000 mark. The price now appears ready to move lower again, potentially offering traders a third opportunity to repeat the trade. However, if the price falls below 19,630, we could see steeper losses, potentially dropping to the 19,310 low.

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