Thoughts for Tuesday 7/25

Consumer confidence

Going into Globex on Monday we had 60 and 70 as important level. After Landon open market stayed above 70, flipping the market against 70 area for those who trade globex.

Going into RTH we had 82 as bull bear. We shorted against 82 for 10+ points. We saw our level 70 holding and then go back to 82. We stayed out of market as it chopped during most of the morning. Then we longed against 86 for 4+ points. Then we flipped short in late afternoon against 92 and again against 86 which gave good 10+ points.

Econ Tomorrow:

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