Market Analysis for Sep 30th, 2022

Sep 30, 2022 - 10:28 AM EDT

Alrighty, making an executive decision here. We're closing the month around the P&L highs as we secured some quick scalp profits today.

Chances of getting rekt inside this three-day triangle pattern* is high so I'm not gonna allow train riders to overtrade. Have a great weekend! 😎 🚄

*3680-3620s range, now stuck 3650s in the middle with these algo VWAP sellers...not much to do

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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