Morning Ideas July 20, 2022
Good morning Traders...
I think it will be an interesting day today as the market is now above, and holding (temporarily) above 3900-3910 area. We have basically 100 points until the next area above us, so long as 3900 can hold below us.
If it does not, I think we go back down and test the lows again! I am going to say long here, but it's with a very short leash as I think we are vulnerable if we give 3900 back.
I think it will be an interesting day today as the market is now above, and holding (temporarily) above 3900-3910 area. We have basically 100 points until the next area above us, so long as 3900 can hold below us.
If it does not, I think we go back down and test the lows again! I am going to say long here, but it's with a very short leash as I think we are vulnerable if we give 3900 back.