Yesterday, after a pullback that did not break below the reminded support, we rebounded. As promised, two waves of volatility also delivered the harvest.
Currently, we are in a high-volatility environment. The geopolitical situation in the Middle East and expectations of a higher probability of Fed rate hikes form a macro headwind.
The CPI data during the day and this week, as well as the FOMC meeting, will be key in determining the next direction. Before the data is released, treat it with short-term momentum and focus on short-line approaches. If the 77K–77.5K area stabilizes, you may try a dip-buy. Targets can be 79.5K to 8W and even above.
Currently, we are in a high-volatility environment. The geopolitical situation in the Middle East and expectations of a higher probability of Fed rate hikes form a macro headwind.
The CPI data during the day and this week, as well as the FOMC meeting, will be key in determining the next direction. Before the data is released, treat it with short-term momentum and focus on short-line approaches. If the 77K–77.5K area stabilizes, you may try a dip-buy. Targets can be 79.5K to 8W and even above.
