11/12/23 SPX Weekly Outlook
Updated
#SPX #DailyReview #WeeklyOutlook:
Last week was a weird week with the drop on Thursday and then price on Friday setting the Weekly Low and high. Dollar moved up the entire week pretty slowly but the Bonds pulled back and that caused the buy on Friday. Tuesday we'll have CPI and Wednesday we'll have PPI and Retail sales. Then Thursday we will have Unemployment Claims so that will definitely move the markets on those days for sure.
#1 Taking the PWH should be the first move and we might see price move into this 4H+FVG to move higher from there.
#2 Selling for now isn't an option at the moment but taking the sell into the +FVG on the lower time frame may be a move on the 15m chart and below.
4H chart
Last week was a weird week with the drop on Thursday and then price on Friday setting the Weekly Low and high. Dollar moved up the entire week pretty slowly but the Bonds pulled back and that caused the buy on Friday. Tuesday we'll have CPI and Wednesday we'll have PPI and Retail sales. Then Thursday we will have Unemployment Claims so that will definitely move the markets on those days for sure.
#1 Taking the PWH should be the first move and we might see price move into this 4H+FVG to move higher from there.
#2 Selling for now isn't an option at the moment but taking the sell into the +FVG on the lower time frame may be a move on the 15m chart and below.
4H chart
Note
SPX held the 4H+FVG(H) along with NAS as DXY and the Bonds dropped 4H chart
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