Market Report for Aug 19 2022

Another sideways session with not much happening near the reversal zone as Energy gained some strength off its 50MA.

The S&P 500 had 54% Up bars compared to Nasdaq Composite which had 51% Up bars. Both closed above their average for that session.

So a nothing period of activity for the market while it assesses its next move just below its resistance levels.

Let’s go trade!