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Mike Paulenoff

Key Support Line Must Hold

Thursday, September 15, 2022--Mptrader Pre-Market Update: ESAll eyes should be on the June-September Support Line (see my attached 4 Hour Chart), which is tied together by 3 points (7/14, 9/06, and 9/14), and cuts across the price axis in the vicinity of 3930/31 during today's session and MUST CONTAIN any forthcoming price weakness to avert the potential for a violent downside extension of the post-CPI implosion from 4175 to 3929.

Market Analysis for Sep 22nd, 2022

Prescient…while on vacationResults are for all to see😎🏆3800 ES target filled and printed moneyMy PL/time while in a tradeis off the charts(Don’t worry, will lose soon, statistically guaranteed)

Market At A Key Inflection Point But Pressure Still Remains Down

After seeing a sharp move down yesterday that then carried over into the after-hour session we say the markets attempt to push higher this morning only to break down once again to see lower lows. While the SPX held up better than the other indexes with the Russell 2000 Small Cap index being hit the hardest of the three trading down close to 2.5% at the lows. This continued push lower is still very much leaving the pressure to the downside with me still watching the red count as an impulse down off of the 4177 high as my primary path forward.

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