Market Analysis for Aug 16th, 2022


Team squeeze is easier. Weak sellers got massacred earlier with the poke under ES 4285 and immediate V-shape reversal.

Looking for new highs into ES 4320s and NQ back to 13.7k. Wrong below 11am low

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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