MES1! weekly analysis
Monday Morning Analysis -
Weekly News
Technical
Price Action
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
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
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-Will
-Will
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Give me a THUMBS UP / COMMENTS / FOLLOW ME!
-Will
-Will
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.