Pre-Open Commentary | July 23, 24

Condensed Insight Before the Bell.

Key takeways:

Back to dealersdashboard again as we have a clear bullish signal today. So as I wrote yesterday the end of pullback sequence was marked, and today it shifts to long (blue triangle up while green spx plot). A bit of a surprise to be honest but data is data.

Going into our midterm picture it definietly softened - from bearish to almost neutral if we take all the metrics together. Let me explain below.