Morning Ideas July 14, 2022

Good morning traders,

We continue to come down to the bottom of the volume here, and we are now below 3775.

I'm looking for a flush lower before we see any kind of sustained buying, but there is always the risk of selling the lows and getting stuck. I will look to sell a rally, and then cover on a flushout lower and look to get long again.

It's a bit risky to bottom fish in a market that is really having trouble holding onto higher prices.