MES1! weekly analysis

Monday Morning Analysis -

Weekly News

• Numerous JPOW pressers
  
• Inflation
  
• PPI
  
• Retail
  

Technical

• MA's have yet to turn bullish
  
• RSI above 50
  
• Price well above VWAP
  

Price Action

• Supply Resistance between 6112 - 6085
  
• Accumulation support 6022-6009
  

Current Up-trend Displayed Change of Character (CoC) at Sunday night open, with a large gap down breaking the trend.

Analysis

With upcoming news releases and no change on the tariff discussions, extremely bullish action seems unlikely.

Look to sell - Target 6085-6111
Look to Close around 6016