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We Had Longs, Yay! But… 8/01/22

This is a syndicated repost published with the permission of Stool Pigeons Wire at Capitalstool.com. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.

The ES, S&P 24 hour futures have been consolidating toward trend overnight and this morning. with the pre market just open in New York at 8:00 AM. The trendlines are currently clustered around 4105-4120. They move up to 4120-4140 at the end of regular trading hours today. The bears’ task is to take that out.

Failing that, the bulls would remain in charge.

ynnyb

If they do manage to break trend support, they’d still need to break 4080 to create a reversal pattern.

Meanwhile, I’ll start today by featuring my swing trade screen picks. Last week could have been a blockbuster, but I had shorts along with the longs, and that killed that.

Surprisingly, current screens then resulted in more shorts than longs. Here’s the post.  Swing Trade Screens – We Had Longs, Yay! But…

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