pwizzle34

ES Weekly Analysis 6/10-6/14

CME_MINI:ES1!   S&P 500 E-mini Futures
** ES 6/10-6/14**
- Volatile Week Again!!
- FOMC Rates (*would be shocked if they cut*) & CPI
- RED FOLDER news middle to back half so expect volatility then
- First day of hedges being bought back in the market
- Will constantly see price try to sell off and be bought back later in the day
- Ultimately, this is where divergence can/will happen and we could see a shift in HTF price
- That could be from highs being run again with rejection or an index or more refusing to follow higher
- That will be the main focus this week for me

- Key to this week is how the levels of 5368 & 5299 react if price comes there
- Key levels - **Up** - 5368, 5385, 5425… **Down** - 5299, 5273, 5246

- Any closure below 5299 on the week will invite lower prices and will accelerate to 5273 possibly 5246
- Wick retest at 5330/5310 or lack of closure can invite higher prices especially after Wednesday/Thursday to push back to 5368 and higher

- FOMC & CPI this week can affect DXY, CL, TLT, & yields
- I expect a choppy week prior to news which should give us a direction on the week
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.