Hello Everyone,
Quick Notes: The prevailing trend remains downward with updated support and resistance levels posted in the trading community. Bear markets are difficult to navigate with sharp and sudden moves (leading to both Bull and Bear traps). So please be aware of this fact which I will discuss more in the audio portion.
I also posted the Fed Speakers this week headlined by Chairman Powell on Thursday Morning at 9 am EST. Apple also has its "Far Out" event scheduled for September 7th which relates to Iphone modifications.
In Europe, the ongoing energy saga (crisis) notched up with Russia shutting down Nord Stream pipeline. This announcement impacted our equity markets on Friday. Lastly, OPEC+ Producers Agree To Small Oil Production Cut, Will Reduce Output By 100,000 Barrels Per Day which has Crude Oil lifted Crude Oil approximately $3 higher at this time.
Please take a moment to look at the trade ideas.
