Swing Trader Pro: Morning Briefing (09-28-2022)

JC Parets
September 28, 2022

From the Desk of Kimmy Sokoloff

We hit the June lows in the S&P 500 but not the Nasdaq.

We did bounce off the lows, but last night $AAPL signaled trouble ahead and is cutting back production. The futures dropped on that news.

I did speak live in room yesterday to the fact that AAPL was trading lower and that it could affect the market.

Here's what I'm looking at this morning:

  • For today, I'm watching the 360 level in the $SPY. We break that next support it's 359, then 354.8.
  • I'll be watching to see if the $QQQ hits its June lows at 269.28. It might just get there with AAPL’s news.

  • I'm also watching $BABA this morning, as it's making a new low. Let's see if it can bounce some.

Every trade I've done recently has been made with half to a quarter of my typical position size.

I'm trying to see if anything sticks. And, as of right now, nothing really has.

We'll see you LIVE on the ASC Rangefinder app to start the trading day.

Please reach out with any questions.

All Star Charts Team

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