Hello Everyone,
Note the ES Levels have transitioned to the September Contract (ESU23)
The ES Weekly level of interest is 4410 which is Friday's afternoon high. A break and hold above 4410 would target 4420-30 the resistance zone 4440-4460 (which encompasses the 4451 gap) and 4485.
Holding below 4410 would target 4370. Break and hold below 4370 4355 4335-4340 4305 4285-90 (major backtest of breakout)
I will now be updating the Daily Levels for the September Contract in the Trading Community throughout the week.
Key Events for Next Week:
1 New Home Sales - Tuesday
2. Fed Bank Stress Test and Chairman Powell (overseas with other Central Bankers) - Wednesday
3.Q1 GDP - Thursday
4. PCE Price Index (Feds Preferred Inflation Gauge) - Friday
5. Eurozone June Inflation Data - Friday
6. China PMIs - Friday
7. Russian Turmoil or Back to Status Quo
Please take a moment to look at the trade ideas.
