FA Analysis:
1- Tariff On/Off: The noise will continue this week as well. Europe will be the target this week.
Uncertainty OR Eternity pause? Market might tend towards Eternity pause which is positive for stocks and equities.
2- New Earnings season: This will be on the driver seat for the next few weeks. Positive earnings for major stocks will impact positively NQ and vice-versa.
3- Macroeconomic data:
CPI and PPI will be relevant for July rate cut. Lower and inline inflation will be very good for July Rate cut; hence very good for Equities. Higher inflation data will be bad.
Also, Consumer sentiment and Inflation expectations, later in the week, will be very relevant.
So from FA Analysis, US equities might go either direction based on data outcomes.
TA Analysis:
Weekly TF: Direction is Buy!
The weekly close was irrelevant; it was inside the bullish green candle. Price must break and close below or above the master weekly candle to establish clear direction.
So nothing to trade from weekly perspective.
Daily TF: Direction is Neutral!
Same as weekly TF, we got an irrelevant daily close, inside the previous daily green candle (red dotted lines).
Price must break and close either below or above the dotted red lines for a clear direction.
Hourly TF: Direction is Neutral!
Based on the Weekly and Daily TF, clearly price is consolidating and looking for FA data to make decision on the next move.
Price is making LL-LH-HL-HH... and switching from one side to another reinforcing the consolidation.
Here are two scenarios:
Scenario 1: Good earnings, macroeconomic data and lower inflation will trigger a new ATH.
Scenario 2: Bad earnings, macroeconomic data and higher inflation will trigger a retrace.
Happy green week!
1- Tariff On/Off: The noise will continue this week as well. Europe will be the target this week.
Uncertainty OR Eternity pause? Market might tend towards Eternity pause which is positive for stocks and equities.
2- New Earnings season: This will be on the driver seat for the next few weeks. Positive earnings for major stocks will impact positively NQ and vice-versa.
3- Macroeconomic data:
CPI and PPI will be relevant for July rate cut. Lower and inline inflation will be very good for July Rate cut; hence very good for Equities. Higher inflation data will be bad.
Also, Consumer sentiment and Inflation expectations, later in the week, will be very relevant.
So from FA Analysis, US equities might go either direction based on data outcomes.
TA Analysis:
Weekly TF: Direction is Buy!
The weekly close was irrelevant; it was inside the bullish green candle. Price must break and close below or above the master weekly candle to establish clear direction.
So nothing to trade from weekly perspective.
Daily TF: Direction is Neutral!
Same as weekly TF, we got an irrelevant daily close, inside the previous daily green candle (red dotted lines).
Price must break and close either below or above the dotted red lines for a clear direction.
Hourly TF: Direction is Neutral!
Based on the Weekly and Daily TF, clearly price is consolidating and looking for FA data to make decision on the next move.
Price is making LL-LH-HL-HH... and switching from one side to another reinforcing the consolidation.
Here are two scenarios:
Scenario 1: Good earnings, macroeconomic data and lower inflation will trigger a new ATH.
Scenario 2: Bad earnings, macroeconomic data and higher inflation will trigger a retrace.
Happy green week!
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.