Weekly Market outlook 9/8/2024
25 or 50
Hello traders,
Last week was a short week and the markets decided to do a nosedive on the Non Farm Payrolls report and the revisions on the past reports.
Last week our read on the market was pretty accurate.
And our subscribers were able to capitalize on it with both hands.
Moving on,
This week we have the all important CPI where Jerome Powell’s “No Stag nor flation” thesis would be tested.
On a hot inflation report ES can test the 5212-5220 area. However, it is all not all doom and gloom and late year election rally is still not off the cards.
I will send more thoughts after the CPI report in a midweek note.