Market Outlook 07/16/2021
Welcome to opex day. Weekly charts backing off a bit but nothing to change long-term bias. All three indices looking for a red-week unless we get a typical Friday rally.
/ES is at a critical level. As mentioned before, /ES 4380-4395 and 4420-4446 continue to be long term resistances for /ES and area to buy some short-term downside protection. Short-term …