Economic Calendar
Red news folders on Wednesday and Thursday with CPI and Core PPI. This will potentially drives the week. According to that we might anticipate a mid-week reversal profil or a Wednesday high/Low of the week.
DXY
Monthly bisi that we talked about last week hold price. It stayed into a range all week. It’s still a bit more bearish than bullish in my opinion.
Currencies
Lot of SMTs at highs. Monthly Sibi still holding price on 6E. like past week, we need to see if the monthly FVG is going to reject price lower or not on daily. Uncertainty still on currencies.
Metals
DAily chart is bullish but I keep in mind that this moove higher can be only the manipulation higher on monthly chart before going lower. Like now everyone is exciting buying gold. It’s when I will be even more careful.
Indicies
Es is stronger than NQ right now. This strengh can switch the coming week. Last week prited a bullish C3. I’m waiting also for a expansion higher on C4 this week. but I don’t know about the close. We got clear objective at 31100 on NQ when ES is alreay at ATH.
Conclusion
I’m personnaly expecting higher prices this week. Still gonna be carefull with low volume markets during august and very volatile news event on wednesday.
Good Luck and Good trading.
