MES1! weekly analysis

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Monday Morning Analysis -

Weekly News
  • Numerous JPOW pressers
  • Inflation
  • PPI
  • Retail


Technical
  • MA's have yet to turn bullish
  • RSI above 50
  • Price well above VWAP


Price Action
  • Supply Resistance between 6112 - 6085
  • Accumulation support 6022-6009


Current Up-trend Displayed Change of Character (CoC) at Sunday night open, with a large gap down breaking the trend.

Analysis

With upcoming news releases and no change on the tariff discussions, extremely bullish action seems unlikely.

Look to sell - Target 6085-6111
Look to Close around 6016

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