Navigating the Volatile Week Ahead: FC Decision, Jerome Powell Presser, Earnings, and Labor Market Data

📈The Spy weekly chart shows a bullish structure with higher lows and higher highs, indicating a potential trend continuation.

📉The daily chart suggests a possible range contraction after the recent range expansion, and a pullback to the 480 level could be a significant support.

📊The expected move for the week indicates potential for a new all-time high or a higher low, depending on market conditions and catalysts.

💡Weak-handed buyers are present at the current highs, so it's important to watch for stronger price action or a higher low to confirm bullish momentum.

💰Keep an eye on key levels such as 480 and 477.50, which could act as support levels and opportunities for trend continuation or reversal.

What are the major events to watch this week?

—This week, pay attention to the FC decision, Jerome Powell's press conference, earnings reports, and labor market data.

What levels should I watch on the Spy weekly chart?

—Key levels to watch on the Spy weekly chart include 480 and 477.50, which could act as support levels for trend continuation or reversal.

Is the market expected to continue its upward trend?

—Based on the bullish structure on the Spy weekly chart and the higher lows and higher highs, the market has the potential for trend continuation.

Are there any potential support levels in case of a pullback?

—In case of a pullback, the 480 level on the Spy weekly chart and 477.50 on the daily chart could act as significant support levels.

Should I be cautious of weak-handed buyers at the current highs?

—Yes, weak-handed buyers are present at the current highs, so it's important to watch for stronger price action or a higher low to confirm bullish momentum.

00:00This week is packed with major market events including the FC decision, Jerome Powell's press conference, earnings reports, and labor market data.

02:50The Spy weekly chart shows a bullish structure with higher lows and higher highs, indicating a potential trend continuation.

05:40The daily chart suggests a possible range contraction after the recent range expansion, and a pullback to the 480 level could be a significant support.

09:20The expected move for the week indicates potential for a new all-time high or a higher low, depending on market conditions and catalysts.

13:50Weak-handed buyers are present at the current highs, so it's important to watch for stronger price action or a higher low to confirm bullish momentum.

18:00Keep an eye on key levels such as 480 and 477.50, which could act as support levels and opportunities for trend continuation or reversal.