Market Update for Thursday, September 7th, 2023

Good afternoon, traders.

Carrying forward my thoughts from yesterday, we’ll begin by taking a look at some structures we can see on some indices, and why it’s crucial for bears to make a big showing from here if they want this to turn into something more bearish.

On the NDX, we can see this:

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This right now is what I favor for the time being. I could be wrong, and many other things can happen from here.

I hope everyone has a fine evening.

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