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

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