Morning Ideas July 9 2019. Emini SP500 E-Micro SP500

Now the pullback has begun as we are starting to accept some prices lower and the buyers were flushed out from the latest balance area.

I'm looking for a retest of 78 above, and below 62-60 area becomes the line in the sand for buyers.

If we fall though, I would expect us to drop pretty quickly towards the 40's.

Of course, this is barring any trade report news coming from Trump :)