Swing Trader Pro: Morning Briefing (09-30-2022)

JC Parets
September 30, 2022

From the Desk of Kimmy Sokoloff

As of now, the S&P 500 is still managing to hold onto the 3,600 level, and the $SPY is at 360.

Should we really break below 360, we can see 359, then 354.80. You can always trade long against the SPY 360 level and use 360 as a stop if you like.

We really haven't seen any follow-through days, only Wednesday. I don't trade that much on Fridays due to option expiration.

It's also the end of the month, so it'll be interesting to see how the market handles today.

Here's what I'm looking at today:

  • I'm watching $XOM once again. It really needs to break above 89.30 and hold this level for a potential move to 90.50.
  • I mentioned $SBUX during yesterday's live session. I'm keeping an eye on it above 87.40 for a long.

September lived up to its reputation: typically volatile, and typically down!

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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