Morning Ideas July 8, 2022

Good morning Traders,

a bit of a sleepy trade overnight, after testing 3900 area yesterday. I would expect us to continue to test those higher prices off of the open, and if we can squeeze through 3912ish, I think we make a run at 3975.

However, should we get some selling pressure off the open, I think it's more likely we bang into the volume below us and start to ping pong between the levels.

I think either way we get a test of 3910 area this morning and the market will tip it's hand.