S&P 500 Fundamentals:
All three of the major indexes posted gains for the week, led by a 2% gain in the Nasdaq, with expectations high the Fed will cut interest rates by at least 25 basis points at the meeting.
S&P ascends second straight week, adds 1.6% on revived artificial intelligence optimism, expected interest-rate cuts.
Price Levels To Lookout For:
- Closure Above $6,600
- $6,450 Weekly Order Block
- $6,223.25 - $6,109.00 Weekly Draw On Liquidity
Nasdaq Fundamentals:
Helping the Nasdaq, shares of Tesla gained 7.4% after board chair Robyn Denholm dismissed concerns that CEO Elon Musk's political activity had hurt sales at the electric-vehicle maker and said the billionaire was "front and centre" at the company.
Price Levels To Lookout For:
- $24,068.50 Prev All-Time HIghs
- $24,200 Psychological Level
- $22,222 - $22,582 Weekly Sellside Liquidity Pool
Dow Jones Fundamentals:
In New York, the Dow Jones Index dropped 231 points or 0.50 percent on Friday.
Losses were led by Merck (-2.75%), Sherwin-Williams (-2.14%) and Honeywell International (-1.79%).
Offsetting the fall, top gainers were Apple (1.82%), Microsoft (1.76%) and Walmart (0.83%).
Price Levels To Lookout For:
- $46,176 (Current Highs)
- $45,245 Weekly Order Block
- $44,642 - $44,615 Weekly BISI
All three of the major indexes posted gains for the week, led by a 2% gain in the Nasdaq, with expectations high the Fed will cut interest rates by at least 25 basis points at the meeting.
S&P ascends second straight week, adds 1.6% on revived artificial intelligence optimism, expected interest-rate cuts.
Price Levels To Lookout For:
- Closure Above $6,600
- $6,450 Weekly Order Block
- $6,223.25 - $6,109.00 Weekly Draw On Liquidity
Nasdaq Fundamentals:
Helping the Nasdaq, shares of Tesla gained 7.4% after board chair Robyn Denholm dismissed concerns that CEO Elon Musk's political activity had hurt sales at the electric-vehicle maker and said the billionaire was "front and centre" at the company.
Price Levels To Lookout For:
- $24,068.50 Prev All-Time HIghs
- $24,200 Psychological Level
- $22,222 - $22,582 Weekly Sellside Liquidity Pool
Dow Jones Fundamentals:
In New York, the Dow Jones Index dropped 231 points or 0.50 percent on Friday.
Losses were led by Merck (-2.75%), Sherwin-Williams (-2.14%) and Honeywell International (-1.79%).
Offsetting the fall, top gainers were Apple (1.82%), Microsoft (1.76%) and Walmart (0.83%).
Price Levels To Lookout For:
- $46,176 (Current Highs)
- $45,245 Weekly Order Block
- $44,642 - $44,615 Weekly BISI
Note
ES & NQ before december contract.
Note
YM Daily timeframe
UK, London
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.
UK, London
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.