Morning Ideas August 22, 2022

Good morning traders,


We were unable to hold above 4250 on Friday, and so here we are, close to 4170.

I do believe we have quite a bit of support between here and 4120, but I think a break of 4120 will put 3850 back in the crosshairs.

Today, I'm looking for an initial push down to 4170, and that to be bought, for atleast a temporary (1-2 day) bounce.