Market Analysis for Aug 15th, 2022

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 is what it is.

Come back after lunch to see if there's another setup

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