Morning Ideas May 11, 2021
Took the day off yesterday and of course I miss the volatility!
I think this market looks weak here. After a strong push away from 40 last week, we return right back to 40 a few days later. You do not want to see that if you're long.
However, the buyers have shown resiliency, so I expect a strong fight out of them today.
I think we try and push higher but look for the market to have trouble getting through 78, before we turn lower again.
I think this market looks weak here. After a strong push away from 40 last week, we return right back to 40 a few days later. You do not want to see that if you're long.
However, the buyers have shown resiliency, so I expect a strong fight out of them today.
I think we try and push higher but look for the market to have trouble getting through 78, before we turn lower again.
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