Post Powell Jackson Hole

August 29, 2022 0 By The Balanced Trader

Gap to the prior close filled but auction was unable to hold inside Fridays session range and closed below its POC. There is little to get excited about for longs. Buyers failed miserably to accomplish anything other than to close the gap. $SPY #ES_F

Non XS lows look vulnerable. 4081 was such an important level broken Friday unleashing a ferocious liquidation stemming from wrong footed positioning for the whole month of August. We have plenty of juice left potentially! Watching from the sidelines is so easy. Risk First!