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Monday September 5, 2022 Weekly Emini S&P 500 Market Rundown with Responsible Day Trading

Sep 06, 2022

Hello traders! I hope that everyone enjoyed the day off and used their time wisely…. Even if that time was just to take a break and enjoy the day!
 
So,  we’ve had a lot of great movement happening in the market which has opened us up for a lot of opportunity! The areas did hold on the daily chart and with the EMAs still being wide/spread to the downside, it was hard to deny that we were going to see a bug push down--- and boy did it push down!
 
Currently, the price and MACDs are leading higher than our last big dip but there isn’t a lot to say that it’s going to hold there. We may, very well, see this come down to greet the last area of support and have to make a decision if it should break or hold at that point. Because while the overall is down still the immediate is making the attempt to move this market back to the upside.
 
As with anything here in the market, only time will tell and preparation is key!
 
Well folks, I hope that everyone has an excellent week and next week, you’ll be hearing from me from Bogota and I’m SUPER excited about it! Much love good peeps and we’ll catch y’all around soon!

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