SPY WEEK AHEAD 2/27
Monday- durable goods order pre-market, pending home sales 10am Wall Street time, fed Jefferson
Tuesday- goods trade balance, retail inventories excluding auto, Chicago PMI, conference board consumer confidence 10am
Wednesday- ISM manufacturing 10am, crude oil inventories 10:30am
Thursday- initial jobless claims, fed Waller 1pm
Friday- nothing pre market, ISM non-manufacturing PMI 10am, FOMC member Bostic 11:45am, FOMC member Bowman 3pm, FOMC Barkin
This week will be another action packed week. When will the hedge funds and banks decide to sell triggering the algos to dump and traders to catch falling knives. Could be this week trying to get ahead of the next FOMC meeting in March 22nd we shall see. The 200 day moving average will be the gauge a long with the old trend line that’s back on the chart. Looking to range out 390 to 400. Keeping an eye on the dollar and bonds as always
As always trade what’s in front of you good luck
Tuesday- goods trade balance, retail inventories excluding auto, Chicago PMI, conference board consumer confidence 10am
Wednesday- ISM manufacturing 10am, crude oil inventories 10:30am
Thursday- initial jobless claims, fed Waller 1pm
Friday- nothing pre market, ISM non-manufacturing PMI 10am, FOMC member Bostic 11:45am, FOMC member Bowman 3pm, FOMC Barkin
This week will be another action packed week. When will the hedge funds and banks decide to sell triggering the algos to dump and traders to catch falling knives. Could be this week trying to get ahead of the next FOMC meeting in March 22nd we shall see. The 200 day moving average will be the gauge a long with the old trend line that’s back on the chart. Looking to range out 390 to 400. Keeping an eye on the dollar and bonds as always
As always trade what’s in front of you good luck
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