Morning Ideas July 5 2019 Emini SP500/EMicro SP500
NFP number created some downward movement even though it was a good number. We reached 3000 and may have some temporary resistance because everyone is looking at that number, but I will continue to be long until the market starts accepting prices lower.
Are we stretched here? Sure
Is it possible that we have a down day? Sure
All of this is speculation though and I will continue to go where price is accepting value. It is still accepting value higher so I will continue to play the long side.
Areas of interested.
2980 area
2970 area
2960 area
Don't flip flop based on price action
Are we stretched here? Sure
Is it possible that we have a down day? Sure
All of this is speculation though and I will continue to go where price is accepting value. It is still accepting value higher so I will continue to play the long side.
Areas of interested.
2980 area
2970 area
2960 area
Don't flip flop based on price action
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