Morning ideas September 29, 2021

71
Hey Traders,

Market hit value low from the last time we were down here, and is chopping around a bit now. I would be very careful of another move lower below the 30 area.

Remember that it's the end of month and end of quarter flows that need to be accounted for in the next two days. The month has been negative and the quarter has been marginally positive, so not sure if it carries as much weight as usual. However, be mindful that we see EOM and EOQ buying usually.

Today I think is a bit more of a non-directional sideways trade. I really wanted to say "Long" just for the TradingView trolls, but I won't waste my time :)

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.