Hello Traders,
I hope everyone had a restful weekend because we’re in for another exciting week in the markets. After three consecutive bullish weeks, it looks like there’s still more upside potential ahead! Join me as I break down the critical levels for SPX and ES futures, discussing where we should focus for the next leg up, and where to watch for support if our bullish thesis doesn’t hold.
SPX vs. ES Futures: What’s the Difference?
It’s worth noting that while SPX is less than 1% away from its all-time highs—just 35 points, to be exact—ES futures present a different picture. This discrepancy requires us to take both into account as we navigate the week. In the video below, I’ll dive deep into these differences and what they mean for our trading strategy.
Upcoming Earnings & Economic Data
Also, keep an eye on NVDA earnings set for the 28th, along with key economic indicators like the Jobs numbers toward the end of the week. These events could have significant implications for market direction, so we’ll be watching them closely.
Don’t Miss Our NASDAQ Analysis
If you haven’t already, be sure to check out my latest Substack post on QQQ, where I discuss where the NASDAQ might be headed next. This analysis is crucial for confirming the broader market direction, so don’t miss out—click here to read it.
Now Let’s Conquer These Markets!
Cheers,
Ryan Bailey
VICI Trading Solutions