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Sunday October 16, 2022 Weekly Emini S&P Rundown with Responsible Day Trading

Oct 17, 2022

Hello my friends!  Welcome to a new week of opportunities!  And just in case you missed it, next week’s market rundown will be LIVE from London!  Jason and I will be discussing it together and we’re hoping to have you participate!

Now on to the market!

We can definitely see that the market has moved quite a bit over the last week!  It gave a huge bounce up, followed by a huge bounce down—and now it’s trying to work its way back up again. There is definitely an area of interest around the 3590 area.  It has pulled down there several times and you would expect it to just bulldoze its way through.

But what we have seen is something a bit different.  It gave us, what looks like, a fake-out break-out and pushed through the area—but it could not sustain the move.  The price just keeps reaching that area and holding. Now, this could mean that it is building up the steam so the next pullback can fly through it—or it’s really a tough area and its finally going to give us some longer-lasting moves to the upside.  It has a LOT of work to do to get things moving back in the long direction—but as we know, the market has no issue with putting in the work when the hive mind makes it happen.

Either way it goes—there will be a ton of opportunities and if you’re responsible, you can be ready for them!

One last thing, don’t forget, Sunday is the last day to apply for the RDT Full Scholarship!  We’ve already conducted several interviews and we’re super excited about working with some new scholarship students.  If you think you’ll be a good applicant, then get it in tonight and we might be talking to you this week! 

We can’t wait and we’re looking forward to watching you grow!

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