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MNQU22 Monthly, Weekly And Daily Analysis For The Week Of 7/31/2022

Bull market bottom? Bear Market Pause? Moving averages tell a story, but that story varies because moving averages lag. I prefer pattern analysis and volume profile analysis.

Please listen to this video to gain perspective as to what is happening with price action. I am not bullish, but in order for me to fully explain it, it would take a very long blog post that I don’t have the time to produce. Over time, I will get into valuations and other issues that this market must overcome to be really bullish.

It is an unmitigated mess at the moment. More every soon.

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