Morning Ideas May 4, 2021
I believe the market to be in a bit more trouble now with the market taking back 4180 and moving lower.
This is also on the back of the NQ (Nasdaq) being much weaker yesterday and leading the way down this morning.
I believe the next area below to get involved with the longs is 4140ish, but this market has shown remarkable strength when it is in a 'trouble' spot.
For this reason, I'm going to give today a Neutral reading and treat this is a wait and see.
This is also on the back of the NQ (Nasdaq) being much weaker yesterday and leading the way down this morning.
I believe the next area below to get involved with the longs is 4140ish, but this market has shown remarkable strength when it is in a 'trouble' spot.
For this reason, I'm going to give today a Neutral reading and treat this is a wait and see.
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