Economic Calendar
Economic Calendar for this week highlighting the important events to look out for.
Monday: Treasury Statement.
Tuesday: FOMC Meeting and CPI.
Wednesday: PPI, EIA Petroleum, FOMC Announcement, and Fed press conference.
Thursday: Jobless Claims, Phil Fed Man. Index, Retail Sales, Industrial Production, EIA Natural Gas, and Fed Balance Sheet.
Friday: Consumer Sentiment.
FOMC
An eventful week ahead of us. The US Federal Reserve will set the target for short term interest rates on June 14th. Market participants are expecting interest rates to hold at their current levels because of recent public statements by Fed officials that mention core inflation being too high.
Technical Analysis
ES 09-23
– Price recovered 60% of the down trend range from 01/2022 till 02/2023.
– Average Daily Volume 1,594,000
– Average Daily Range 153 ticks.
– Gap up on open.
– Resistance above from 08/18/2022 between 4360 and 4380.
– Support that was resistance between 4305 and 4265.
– Support that was resistance between 4188 and 4210.
– Support between 4055 and 4090.
NQ 09-23
– Price recovered 60% of the down trend range from 01/2022 till 02/2023.
– Average Daily Volume 614,000
– Average Daily Range 825 ticks.
– Gap up on open.
– Resistance above from 04/08/2022 between 14930 and 15000.
– Support that was resistance between 14600 and 14680.
– Support between 14250 and 14300.
Pyramid Indicators 