Morning Ideas July 18, 2022
Good morning traders...
Running back into 3910 area, as expected once we were unable to hold below 3775.
3910 is a key area today, in my opinion. I think if we can take 3910 (THE KEY IS TO HOLD ABOVE IT), I think it sets us up for a rally into 4000 area.
I would remind you that lately this market has had several chances to regain these higher prices, and it has failed almost every time. What does this mean for you? I wouldn't chase the market up here. Wait to see if it can hold above 3910 before you decide that it's time to get long.
Make your own plan, just giving you mine :)
Running back into 3910 area, as expected once we were unable to hold below 3775.
3910 is a key area today, in my opinion. I think if we can take 3910 (THE KEY IS TO HOLD ABOVE IT), I think it sets us up for a rally into 4000 area.
I would remind you that lately this market has had several chances to regain these higher prices, and it has failed almost every time. What does this mean for you? I wouldn't chase the market up here. Wait to see if it can hold above 3910 before you decide that it's time to get long.
Make your own plan, just giving you mine :)