Morning Ideas August 19, 2022
Good morning traders,
Right back at 4250 for what looks to be an interesting open. Buyers are going to want to hold this area, but the sellers have owned the overnight session.
A break below 4250, and I think we see 4170 next. A market that pushes higher off the open, and holds 4250, will likely see 4300 ish area next.
I'm still biased to the long side until 4250 has a clean break.
Right back at 4250 for what looks to be an interesting open. Buyers are going to want to hold this area, but the sellers have owned the overnight session.
A break below 4250, and I think we see 4170 next. A market that pushes higher off the open, and holds 4250, will likely see 4300 ish area next.
I'm still biased to the long side until 4250 has a clean break.
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