Morning Ideas July 13, 2022
CPI numbers were red hot this morning, and the market is down big.
It brings us right to the level 3775 that the market needs to hold. I think it could be a wide swinging outside day today, with a potential large red day if we can move below, and hold below 3775.
If we can't hold below 3775, I would expect the shorts to start to get squeezed out.
It brings us right to the level 3775 that the market needs to hold. I think it could be a wide swinging outside day today, with a potential large red day if we can move below, and hold below 3775.
If we can't hold below 3775, I would expect the shorts to start to get squeezed out.