US500 - Time for consolidation?

Hi Traders,
we have a busy week ahead. We have 3 central bank interest rate decisions and a few other fundamentals coming up.

Week 30/2023
Monday: Purchasing managers' indices DE🇩🇪 , UK 🇬🇧and USA 🇺🇸
Tuesday: ifo business climate index🇩🇪, CB consumer confidence🇺🇸
Wednesday: FED interest rate decision🇺🇸
Thursday: ECB interest rate decision 🇪🇺
Friday: BOJ interest rate decision🇯🇵, CPI DE🇩🇪, PCE core rate 🇺🇸

Some Infos about the Central Banks
FED🇺🇸: The Fed is expected to raise rates by 25 basis points to between 5.25% and 5.50% at its July meeting, with traders looking for clues as to whether this will be the central bank's last rate hike of the cycle or whether it will deliver another rate hike at a future meeting that is in line with its own forecasts.

ECB🇪🇺: Again, a 25 basis point rate hike is a foregone conclusion. However, the wording will be crucial here. Because currently, a further increase in September is priced in by around 50% of market participants. The other 50% do not expect any further increase. Depending on which way the wording goes, there is definitely a lot of upside or downside potential for the euro.

BOJ🇯🇵: The Bank of Japan's interest rate and monetary policy is still expected to remain loose. This could be very exciting, especially after the last correction against the USD.

So we can expect at least on Thing... Volatility!
From Technical point of view a consolidation in the stock market would not be a surprise.

If the SP500 moves back to first Support Level this would be a possible zone for new long entry. But we should wait for the FED and their outlook.

Wish you a great Trading week!
Team tegasFX