Sentiment Timing – Morning Notes 7/27/2022

Yesterday gave us a nice down day and I recommended taking some/all of the 4012 short entry off the table, being we are in sloppy/choppy trade mode now.

We did get 100spx on the trade and that is exactly what we were looking for in trade mode.

This morning, futures are rallying nicely, but I am not seeing buy signals yet.

That is SUGGESTING we may see another lower low here which should set up buy signals and I will have no problem looking long then.

For now, remain open-minded on the direction. -Gary Dean

SPX Hourly Technicals

Stochastics: Oversold

Divergences: No Divergences 

Resistance Pivots: R1-3945 R2-3963 R3-3975

Related:  Sentiment Timing - Morning Notes 3/25/2022

Support Pivots: S1-3933 S2-3920 S3-3901

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