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Fourth Quarter Begins

October 3, 2022 /

Market Outlook – Bounce off the lows of last year are what we are seeing in the premarket – here are the images and the levels we need to look for – zoom in for the lines in the sand

Slope and trend display down but we are lifting into the resistance edge of 3634 – crosscurrent if compared with 15min/30min chart
Slope and trend display down but we are lifting into the resistance edge of 11095 – crosscurrent if compared with 15min/30min chart
OPEC is reducing flow to prop up price so we are watching a bounce here. My positions here are bullish as you know but if we can’t get above 84 for now, we have other forces pushing against price with significant effort

The DXY is ever important at this time

Pulling back into buying zones

I have a lot of updating to do with the options grid in the Teams room and such and will be working half days under the current clean up and help out environment.

If you are looking at bounces, remember that FLOW is negative so we will run into resistance

ANOTHER BIG PIECE OF NEWS – WE ARE INTRODUCING EVENT BASED CONTRACTS IN THE FUTURES MARKETS- FOR THOSE OF US LOOKING FOR A MORE SIMPLISTIC VIEW OF THE MARKET OR ARE KEEN ON HELPING THE YOUNG PEOPLE IN OUR LIVES UNDERSTAND MORE ABOUT MARKET FLOW, GETTING THEM INVOLVED WITH LIMITED RISK.

As soon as the load thins out here from community clean up and the like, I will be putting a video together that shows how this works…exciting things are afoot here. In the meantime, stay frosty, friends