Play for Monday, July 13th

I am off the desk most of the morning (again), so I'll update later with charts.

We sold off from the 4150s last night and we currently quote in the 4110s. Intraday momentum, daily momentum and weekly momentum are all negative.

We might get a bounce: if we do it could be playable for a long. Areas to look for weakness are the 4140s to 4170s, the highs 4190s to 4200s and then the 4220s-4240s.

If we don't bounce, I'd sit tight and wait for a retrace to play.