The S&P 500 E-Mini futures have a very clear Elliott wave pattern of five waves up followed by an Expanding Flat correction which terminated just below a .618 retrace of the prior rally. If the important support level holds there is a very high probability of US stocks rallying on 7/10/19.
On 7/9/19 AMZN and FB hit their upside buy targets- please see my prior...
Breaking from this Symmetrical triangle and moving upward to rest before possible break of the ascending triangle. Could be primed for some solid continuation assuming break of the yellow line resistance and some decent volume confirmation otherwise it would likely be range bound.
As we can see, a clear double top has formed on the SP as it struggles to break resistance at 3000. Combined with the cracks that are beginning to show in the global economy, I believe this is a very clear case for shorting the S&P with our target being in the area of recent support
SL = 2990
TP = 2760