mcm daily market update 8.Sep.22
Main trend: neutral ST trend: up Buyers finally managed to stage a big up day yesterday, after all prior attempted bounced were sold hard intra-day for the past weeks. Not…
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Main trend: neutral ST trend: up Buyers finally managed to stage a big up day yesterday, after all prior attempted bounced were sold hard intra-day for the past weeks. Not…
MT trend: down ST trend: down After the CPI print and rug pull on Tuesday, the bulls were unable to find their footing. Being an OPEX week, MMs did a…
Main trend: down ST trend: down On Friday we noted that both MT and ST were down as all 3 MLs were above price and red, after bulls lost them…
MT trend: down ST trend: down Yesterday we noted that the MT trend was down, while the ST trend was neutral as bulls had won ML and were trying to…
Main trend: up ST trend: neutral Yesterday the market continued to push higher after holding ML once again. Bulls almost touched 3900 ES, before bears finally emerged and we had…
Maine trend: up ST Trend: up The market continued the melt-up started after the CPI numbers. The rate of ascent slowed, but bulls still managed to clip 4k, before staging…
ST trend: neutral On Friday we were noting that the ST trend was neutral as we had the normal pullback to ML after an up squeeze, but it was a…
ST trend: neutral (pullback to ML likely) Yesterday we were noting that the ST trend was neutral as FGSI was showing that neither side was in control. Buyers had won…
For our U.S. subscribers, I hope your holiday weekend is going well, and for non U.S. subscribers, be aware that the regular trading hours are closed for Monday, September 5….
More sideways action the past week, as the market didn’t move much in terms o price, but was again range bound. After putting in a low on Monday, the market…
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