Morning Ideas July 20, 2021

Very important day setting up today after a really volatile day yesterday.

I got long from 4243 and took a little heat, but ultimately got what I expected, an intitial bounce of 4240.

Now that the bounce has happened, I'd like to see the rally continue into 4290 and above. If it can't do that, and we return to 4240 and are unable to hold, I will exit.

I think this market has a real chance to be weak again today, and I haven't said that in some time.

Until the market proves it, I will stay long from my 4243