Morning Ideas September 6, 2022
Good morning traders!
I'm back at the screens after taking most of the week off last week for an extended Labor Day holiday.
To me, it looks like the market is now caught up in the lower distribution, and when you add the low volume of the overnight session, I think we are in for a choppy kind of sideways day.
My key areas are discussed on the chart. 3850 below and 4075 above. I feel like those are the extremes of this distribution.
I'm back at the screens after taking most of the week off last week for an extended Labor Day holiday.
To me, it looks like the market is now caught up in the lower distribution, and when you add the low volume of the overnight session, I think we are in for a choppy kind of sideways day.
My key areas are discussed on the chart. 3850 below and 4075 above. I feel like those are the extremes of this distribution.