Hello Everyone,
Some gyrations today as we saw some profit taking in big tech today that weighed somewhat on the SPX but more so on the QQQ. However, the retracement took prices back into Higher Time Frame Demand Zone where buyers once again stepped in a bought (partly due to month end flows). For now the bulls remain in control and could squeeze higher if ES finds footing above 4600. The USD also moved up today so that is a wild card to monitor for the bulls. Powell is on deck tomorrow (not sure what he will address but be prepared).
ES support 4566/62 and 4556 then 4542/38 with resistance 4574 and 4590/94 then 4604/10
Please take a moment to look at the trade ideas.
