Link to chart: www.tradingview...chart/5XGqlTVf/?symbol=CME...
Heavy news this upcoming week and the rollover for Futures contracts on 9/13.
CPI falls on 9/13 as well, so prepare your charts accordingly!
Given the rate we are at for inflation and the housing market supply/demand, I am preparing for either a push to break this wall of resistance we have been facing the past few weeks (pink line) or a break of the blue trend line below.
EOW Targets:
BULLS 15730-830 or 16000
BEARS 14800 or 14990-15100
If you zoom out and look at the HTF (4HR), we have a possible head and shoulder from June to today. We also see constant support off the blue trendline for that continuation to the upside to reach the head. It's a waiting game, let's be patient to find out what happens this week!
Heavy news this upcoming week and the rollover for Futures contracts on 9/13.
CPI falls on 9/13 as well, so prepare your charts accordingly!
Given the rate we are at for inflation and the housing market supply/demand, I am preparing for either a push to break this wall of resistance we have been facing the past few weeks (pink line) or a break of the blue trend line below.
EOW Targets:
BULLS 15730-830 or 16000
BEARS 14800 or 14990-15100
If you zoom out and look at the HTF (4HR), we have a possible head and shoulder from June to today. We also see constant support off the blue trendline for that continuation to the upside to reach the head. It's a waiting game, let's be patient to find out what happens this week!
