Intrinsic Value System

Intrinsic Value System

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Intrinsic Value System
Intrinsic Value System
8/7 Daily Plan: Very Strong Resistance from Last Week's Jobs Market Session

8/7 Daily Plan: Very Strong Resistance from Last Week's Jobs Market Session

Larry Cheung, CFA
Aug 07, 2024
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Intrinsic Value System
Intrinsic Value System
8/7 Daily Plan: Very Strong Resistance from Last Week's Jobs Market Session
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Hey Folks,

The market structure continues to be extremely choppy where Bulls are expending quite a lot of energy/ammunition trying to keep the market’s recovery sustained.

As discussed yesterday, there are serious macro overhead resistances that must be overcome before the recovery can pick up steam. See image below.

The Nasdaq-100 (NQ) has attempted t…

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