After some selling pressure earlier in the day, we saw an impressive close from the bulls on Monday. While the market continues to trade in a box, tomorrow we could see a bigger push if the Nasdaq (/NQ) can take out the 13,200 level.
In the video above, we’ll break down the structure of the Nasdaq and S&P 500 on the lower time frames. Monday set the tone for a bear trap, and, for now, things are well aligned for a continued push to the upside.
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