25.08.24
Ahead of the week commencing, for the US markets, there will be high impact US data every day this week with a close eye on Fridays PCE price index and also Eurozone inflation data. Last week Fed Chair Jerome stated there should be no more weaknening in the economy. As we've seen there has been a rally in price for a while.
US30: Quite a whip saw week with price being very rangey through Jackson Hole meeting and the speech. After price has broken out of its previous week range it began to range in order to continue toward the monthly high that I will be aiming for price to reach at 41414.72
GER40: A more smoother chart this week with less whipsaw price actio, price has also broke out of weekly range, slightly lost abit of steam and coninuted on Wednesday to perform a common mid week reversal. Overall I see price on course to previous month highs but also BSL which is higher at 18916.9
Ahead of the week I'll be expecting the week to start of bullish or atleast taking Fridays highs
US30: Quite a whip saw week with price being very rangey through Jackson Hole meeting and the speech. After price has broken out of its previous week range it began to range in order to continue toward the monthly high that I will be aiming for price to reach at 41414.72
GER40: A more smoother chart this week with less whipsaw price actio, price has also broke out of weekly range, slightly lost abit of steam and coninuted on Wednesday to perform a common mid week reversal. Overall I see price on course to previous month highs but also BSL which is higher at 18916.9
Ahead of the week I'll be expecting the week to start of bullish or atleast taking Fridays highs
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