Market Review 2022-09-19

Long Term Picture 6M/D SPY

Now, talk about a bullish engulfing candle pattern.

Market SQN

What a nice uptick in the SQN number. Not so much of a down tick in the volatility

Big 5 and VIX

The VIX did not go down much.

Conclusion

I guess everyone is waiting for Wed for the Fed meeting.

Disclosure

I have been beneficially long the shares in SPY, IWM and QQQ. I wrote this article myself and it expresses my own views and opinions. I am not receiving any compensation for this. I have no business relation ship with any company whose stock is mentioned in this article.

I am not an investment advisor or professional. This article is my personal opinion and experience and is not meant to be a recommendation of the purchase or sale of a stock or option. Investors should conduct their own research before investing to see if the companies discussed in this article fit into their portfolio parameters.