Sentiment Timing – Morning Notes 7/21/2022

Futures are flat again this morning and the bulls are starting to look a little tired.

The sell signals on the /es 60’s are clear and the choppy toppy pattern is suggesting we could see selling at any time anywhere up here.

I am still waiting to see if the 4000 comes into play before trying the short side and if we do head lower first, then I will look to buy that weakness.

We are in trade mode until the next important turn date hits and we see sell signals on the daily. -Gary Dean

SPX Hourly Technicals

Stochastics: Overbought

Divergences: Bearish Divergences 

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Resistance Pivots: R1-3975 R2-4000 R3-4012

Support Pivots: S1-3940 S2-3920 S3-3884

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