Big in-depth weekly breakdown and possible scenarios for the open on July 10th
July 10th - July 14th News for the week: Fed Speakers Barr, Daly, Mester, and Bostic Speeches (Mon), Fed Bullard Speech (Tues), Fed Kashkari Speech (Wed), CPI MoM/YoY, PPI, Michigan Consumer Sentiment/Inflation Expectations
We have a big week with economic data filled with Fed speakers and the start of earnings season, $DAL, $JPM, $C, $WFC, $PGR, and $UNH, to name a few, towards the end of the week. And one of the biggest contributing factors to high CPI is the services, particularly the cost of motor vehicle insurance, up 17.
July 7th News for the day: Nonfarm Payrolls, Unemployment Rate, Average Hourly Earnings MoM/YoYv
Todays (July 7th) Scenarios and Key levels: Jun 26th - Jun 30th: VAH 4438, POC 4419, VAL 4380, TPOC: 4411.50
• Outside week
• 61.8%: 4448, 50%: 4433, 38.2%: 4418
• If you merge the past three weeks, you will get the same value area as Jun 26th - Jun 30th
7/6 session: VAH 4450, POC 4447, VAL 4430
July 6th News for the day: ADP Employment Numbers, ISM Services PMI, JOLT
Todays (July 6th) Scenarios and Key levels: 4-Day CVA: VAH 4493, POC 4485, VAL 4482
7/5 session: VAH 4489, POC 4485, VAL 4483
• A period excess
• Poor/unsecured high
• settlement and the last price at 4483.75 (NTPOC) and 4482, respectively
• 50% retracement: 4481.25
• J period low at 4475
• Day’s low: 4471
• Equity Put/Call Ratio: 0.