Market Outlook 07/29/2021
A not so dovish FOMC followed by a negative response to tech earnings. This is the opportunity or bears to pounce. Failing to push it down by Friday close should abate bearish sentiments in short term.
Weekly charts show the extreme sentiments with /ES and /NQ at long term resistance levels
/ES however is just under 1% from its all-time-highs. For an ov…