Market Outlook 07/20/2021
The dip has begun and sharks are circling the waters. Some of the profit taking is a set up for the big tech earnings next week which is likely to create a floor to this dip until the earnings.
/ES dipped back to 50 Day MA with support zone 4221-4227 where it found some buyers.
However, the bulls aren’t out of the woods yet. Earnings anticipation is expe…