Market Analysis for Aug 15th, 2022
By
Ricky Wen
Train riders conceded. Tight morning range so need to be mindful of getting trapped.
Banked only 4 ES points or $200 per contract and exerted too much effort for such a small payout.
Evil scenario here is a consolidation takes place for a few hours around this 4270s/slowwwww grind.
P.S. sellers try not to stay wrong and short a dull market if 2-3 attempts and sellers cannot even flush VWAP...it is what it is.
Come back after lunch to see if there's another setup
