Daily Market Intelligence 9/20/22

Newmont mining was the outlier yesterday with an ORH day.

Today SLX, Steel Vectors, FCX,SCCO,BHP led early with Nasd firm early.

I was initially only looking for a retest of 3905, something I thought we’d see on Friday.

Given today’s patterns I’m looking for a Bear market rally off the matches in the spreads and the outright.

There was much discussion on FOMC sentiment and the many articles begging for a pause in rate rises.

Similar to last Tuesday, we’ll see how high this rally goes.

Then we’ll see how the Fed responds Wednesday.

Keep trading price and the market in front of you.

Lemmings at work.SHHHH!

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