Morning Outlook - ES / SPX

7/22/2024 - Monday

Jul 22, 2024

Good Morning Traders,

I hope everyone had a great weekend! We have had some interesting political news with Biden dropping out of the presidential race for 2024. I’m not sure how the markets are going to react to this so we want to expect anything. So far we have rallied in the overnight over 30 points from our target spot we spoke about last week as it appears we potentially have found temporary support. Anything can happen today and I believe money can be made both ways. Check out the levels we are focusing on this morn to help guide us in our progression for more up ….or a potential break down.

Safe Trading
Ryan Bailey