CPI +| PPI + FOMC ALL IN A WEEK | TECHNICAL ANALYSIS OF THE MARKET | 12-16 JUNE 23 #shorts
1Greetings traders! This week promises a flurry of significant events. On Monday, we have the Fed budget, followed by core CPI on Tuesday. Wednesday brings PPI and FOMC minutes, with an anticipated 25 basis point rate hike. However, the outcome remains uncertain. Thursday features jobless claims, while consumer sentiment takes the spotlight on Friday.
Up until now, we've witnessed a bullish market. However, the upcoming week holds the potential for either continued upward momentum, a more substantial pullback, or sideways action. For NQ, keep an eye out for a breakout above 15,000 or a slump to 14,200. As for ES, the range extends from 4,411 to 4,271. The dollar is currently at a support level of 103.55, seeking a rebound. If the market pulls back, anticipate a breakout above 105.
For swing traders, exercise caution as the market can experience violent movements in either direction. Remember to follow me on Twitter for further updates. Thank you for watching this video, and I look forward to seeing you next week.
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