Sentiment Timing – Morning Notes 7/6/2022

Futures are down 13 this morning after yesterday’s massive reversal.

We are still stuck in the range 3838 top 3735 bottom.

There were some buy signals at yesterday’s lows, so the reversal made sense.

There are no buy/sell signals and momentum is neutral.

Just leave stop at entry or below the bottom of the range for your final 1/3 long position.

Until we break out of this range, everything is just noise.

That’s about all I have.

Let’s see who wins today’s battle.

SPX Hourly Technicals

Stochastics: Neutral/Overbought

Divergences: Bullish Divergences  

Resistance Pivots: R1-3836 R2-3870 R3-3895

Support Pivots: S1-3800 S2-3781 S3-3736

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