SPY/ES Weekly Analysis of Sept 27

Monday September 23 we are expecting Flash Manufacturing PMI data! From the daily timeframe perspective, price action may continue to rise and create a new all time high, as we end the month of September. If we drop, we will likely find support around 5700 for ES and 563 for SPY. If support fails, we could fall further, as low as 5570 for ES and 550 for SPY.

Keep in mind this week we have several red folders on Forex Factory to keep an eye out for. These include Consumer Confidence, Final GDP, Unemployment Claims, and Core PCE Price Index!