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Hurricane Prep Afoot-27 Sep, 2022

So, that arrow is my home so we are in full fledged hurricane prep.

Not trading today. Once the home is secure and we hold power, we’ll return to setups.

Market Outlook – Trading working on a floor to bounce off -3665-and many technical indicators are suggesting bounces are afoot. This environment has people trading the longs off the floor to hold theses bounces. Being above the open of Monday opens some activity for traders trying to hold the new floor. That line is 3707. Our QQQ position probably needs to close. I will look shortly. Trend is still negative but use your swift moving average slope to help you with direction. Remind your self that sideways slope means choppy action with resistance and support.