Morning Ideas July 5 2019 Emini SP500/EMicro SP500NFP 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
