DAILY AND WEEKLY BIAS
11/27/23 Day Bias: Neutral
The last daily candle does not take the previous day candles high or low, leaving me with a Neutral bias. Being Monday and back from holiday, I expect some whipsaw action/ chop. This will create liquidity for the news events to come in the week.
11/27/23 - 12/2/23 Week Bias: Bearish
The last weekly candle wicks the previous weeks high but the body does not close above the high, leaving me with a Bearish bias. Short weekly target will be 15837.25.
News Events This Week: Orange/ Red Folder Events @ forexfactory.com
Monday
New Home Sales
Tuesday
S&P/CS Composite
CB Consumer Confidence
Richmond Manufacturing Index
FOMC Member Waller Speaks (10:05 New York)
Wednesday
Prelim GDP q/q
Prelim GDP Price Index q/q
Thursday
OPEC-JMMC Meetings
Core PCE Price Index m/m
Unemployment Claims
Chicago PMI
Pending Home Sales m/m
Friday
ISM Manufacturing PMI
ISM Manufacturing Prices
FED Chair 'Poppa' Powell Speaks (11:00 New York)
The last daily candle does not take the previous day candles high or low, leaving me with a Neutral bias. Being Monday and back from holiday, I expect some whipsaw action/ chop. This will create liquidity for the news events to come in the week.
11/27/23 - 12/2/23 Week Bias: Bearish
The last weekly candle wicks the previous weeks high but the body does not close above the high, leaving me with a Bearish bias. Short weekly target will be 15837.25.
News Events This Week: Orange/ Red Folder Events @ forexfactory.com
Monday
New Home Sales
Tuesday
S&P/CS Composite
CB Consumer Confidence
Richmond Manufacturing Index
FOMC Member Waller Speaks (10:05 New York)
Wednesday
Prelim GDP q/q
Prelim GDP Price Index q/q
Thursday
OPEC-JMMC Meetings
Core PCE Price Index m/m
Unemployment Claims
Chicago PMI
Pending Home Sales m/m
Friday
ISM Manufacturing PMI
ISM Manufacturing Prices
FED Chair 'Poppa' Powell Speaks (11:00 New York)
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