Welcome back everyone!
This week will be relatively simple, especially with Thursday, July 4th, when the market will be closed. Outside of this holiday, we have events lined up throughout the week, but there are no key earnings reports scheduled. My analysis this week will be entirely data-driven. Based on the available data, I believe we will see a rebound from last week’s selling. As long as the data indicates cooling or stable prices, the indices are likely to find support and move back up towards their highs.
In the ‘Events’ section below, I will share my thoughts on all the scheduled events. Aside from this, it’s another typical week with updated value areas for the E-mini, Nasdaq, Oil, and Gold. I will also provide updated details on the swing trades discussed in the chat last week. Additionally, I will cover long-term investments, along with the results of dollar-cost averaging (DCA) into the S&P 500 based on last week’s close.
Finally, I will conclude this post with the intraday levels for tomorrow’s session on the following instruments: ES (E-mini S&P 500), NQ (Nasdaq), CL (Crude Oil), GC (Gold), and the stocks AAPL (Apple), AMZN (Amazon), MSFT (Microsoft), NVDA (Nvidia), and TSLA (Tesla).