Market Analysis for Mar 15th, 2022

Mar 15, 2022 - 2:22 PM EDT

Same parameters since Monday for EOD* close

Bulls need daily close above 4285📈

Bears need daily close below 4150📉

When in between, main thesis remains same 4150-4185 support vs 4250-4285 resistance stuckfest. We capture a few points here and there as shown in morning setups.

Tomorrow FOMC 2PM, hopefully range expansion soon with an ideal capitulation? But everybody sees it🤔🤔

EOD close = 4pm NY time

Ricky Wen is an analyst at ElliottWaveTrader.net, where he writes a nightly market column and hosts the ES Trade Alerts premium subscription service.

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