Hello Everyone,
The ES Weekly level of interest 4155. Holding above 4155 increases the odds for a breakout attempt which would initially target a cluster of levels at 4195-4220. Break and hold above 4208 (previous high) may lead to a test of resistance 4245-4280.
Break and hold below 4155 would target 4130-4095. Projected weekly extremes 4095-4280. Please refer to the sticky post in the trading community for updated daily levels.
SPX daily demand zone below at 4090-4051. QQQ has daily demand zone around 315-312.
Last week, the SPX pulled back early in the week (W4) then thrusted higher late week to make marginal new highs into the close. The SPX prior highs in February are 4195ish.
Headline Releases Next Week:
1 FOMC Decision on Wednesday
2. AAPL Reports Thursday After the Close
3. Monthly Payroll Report on Friday
Administrative Note: I will be sidelined on Wednesday as my power is being shut off to install solar panels.
Please take a moment to look at the trade ideas.
