Market Report for Aug 09 2022
A flat to bearish session on Monday saw the market lose the premarket strength after the first hour and throughout the session until the last hour of trading.
The S&P is still testing its resistance level while the Nasdaq is still dealing up the resistance turned support.
A morning headline stated NVDA lowered its Q2 guidance which saw the stock lose 6% during the session.
All eyes awaiting the CPI data on Wednesday.
Let’s go trade!