September 23 - Week 3: Thoughts

19 sept. 2023

Still a defensive week. We will see what happens with the Fed Reserve stuff tomorrow.

21 sept. 2023

Note

22 sept. 2023

Note

We will see what happens come Monday. Right now (in my mind) the sentiment is very bearish, because these nincompoops did not want to form a strong base for the opening candle next week.

It is not as if the market can't go back up, but the price action does not currently support a strong move up.

At best, we open around 14,700-14,750 and can move up. We will have to contend with the resistance we have just added to around the 14,800-14,850 area.