The Nasdaq did its best to cling to critical support zones at the 200 SMA on the daily chart, and the 50 SMA on the weekly chart. However, Microsoft was a bit weaker, closing below the 200 SMA on the daily and just barely above the 50 SMA on the weekly. Danielle is not buying yet, but these are the zones to watch.
Learn how stock trader TG Watkins discovered the world of options charting, leading him to triple-digit 0DTE trades this Wednesday, August 7th, at 7pm CT. Register here: https://bit.ly/3Ym9ive
Sign up for Danielle’s FREE Five Star Trader Newsletter for bi-weekly sends, market updates, trade ideas, and more! Join here: https://bit.ly/3L11FDc
Get access to Danielle’s trade alerts and live trading sessions in the Simpler Options Room! Start a $7 trial here: https://bit.ly/41pxj3c
Check out Danielle’s indicators and classes here: https://bit.ly/48RUwOU