Weekly Analysis March 12
Bias remains uncertain as news embargo can be used to switch directions. It would be very interesting to see what happens this week. The news calendar is as follows.
Monday: No event
Tuesday : CPI Report
Wednesday: PPI Report
Thursday: Jobless Claims
Friday: Industrial Production
However, there has been a SIBI formed on the Daily timeframe and that is where I will be looking for short term trading opportunities. Remember to not force any trades this week and be at your best behavior.
Daily Bearish Breaker (Blue Lines)
Upper Threshold: 3991.50
Lower Threshold: 3956.50
Daily SIBI (Pink Rectangle)
Upper Threshold: 3971.50
Mean Threshold : 3956.50 (overlap with lower threshold of Daily bearish breaker)
Lower Threshold: 3941.75
Targets for the week on the sellside: (golden lines)
Target 1: 3887.75
Target 2: 3862.75
Monday: No event
Tuesday : CPI Report
Wednesday: PPI Report
Thursday: Jobless Claims
Friday: Industrial Production
However, there has been a SIBI formed on the Daily timeframe and that is where I will be looking for short term trading opportunities. Remember to not force any trades this week and be at your best behavior.
Daily Bearish Breaker (Blue Lines)
Upper Threshold: 3991.50
Lower Threshold: 3956.50
Daily SIBI (Pink Rectangle)
Upper Threshold: 3971.50
Mean Threshold : 3956.50 (overlap with lower threshold of Daily bearish breaker)
Lower Threshold: 3941.75
Targets for the week on the sellside: (golden lines)
Target 1: 3887.75
Target 2: 3862.75