July 19, 2021

Good morning.  

One adjustment for the open as we allow price activity to materialize:

NNDM stop adjusted to 6.02

These headlines; "What to watch today: Stock futures down sharply on Covid, economic growth worries", continue to bring new opportunity over the past 15 months.  Here we are again….

This is pretty simple for the short term, especially with massive earnings reports to come over the next two weeks.  Look for a fight, potential rally into the afternoon, if not, short term we could see continued pressure.  Our trend lines are intact, these have guided us so well over the past year.  Welcome this price activity, I know it hurts short term with our open positions but longer term it creates so much opportunity.  

But, we fully expect another buy the dip event here.  This set-up would be too easy for the short side and this market continues to punish that side of the trade.  We will respect the price action, however.

Please be ready today for new updates.  Let's have a great session and week.