Toni Hansen writes that because a lot of economic data and earnings announcements are coming out this week, the making action from one day to the next will be less predictable ahead of time.
Professional trader Toni Hansen thinks the NASDAQ has room to move on the daily charts up to the highs from the end of last year where it will hit strong price resistance.
Professional trader Toni Hansen is seeing the market slow down after that strong daily rally, but intraday the overall pace on the upside is still much stronger than on the downside.
Professional trader Toni Hansen will continue to stick more to daytrading at the moment due to the range and larger daily resistance that hit a few weeks ago.
Professional trader Toni Hansen writes that the market is looking more bearish overall, but the market can easily base for another week before it gives into that urge.
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