S&P 500 E-mini Futures
Updated

SPX500/US100 US Index Analysis Pre Fed Speech

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Hey Traders,

Today is an important day in the calendar of Traders.

The FED Speech by Powell could hold the keys to a more in depth understanding of the US Economy.

There are two angles, positive internal factors around softer landings, and external ones regarding middle east tensions and China's situation economically.

Both come into play, but to be on the right side, you need to go back to basics.

Watch for more.
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Any entries short make them light, ideally, holding off until concrete entry confirmation and/or higher levels. Choose wisely based on your risk appetite and be aware we can get higher, there's a real chance. Nonetheless, my bias is and will still be short the higher get.

Use what you can see previously.
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Lock in short gains.
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Maintain bias into monday.
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Re shorts come higher circa 4500 and light.
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Awaiting inflation data.
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Up as expected, coming to short entries light.
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Short area hit, taking light bias.
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Maintaining short bias.
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Still short into this week.
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Short entry zone hit.
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Still short biased.
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Bias remains into weekend. awaiting Red tag news later.
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Tonnes to learn upon us indexes. Massive rallies end.. ultimately :)
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Likely Sentiment will feed as we go into this week, Check over news events and updates from Central Bank Bodies alike FED.
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Still Short after News.
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And short biased further. Looking for impending negative sentiment.
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Maintaining short entries. Need lower movement for exit.
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And still short biased. As mentioned, remember it CAN and many times will continue on improved sentiment. Therefore, your entries must be light and spread out. Do not bunch.
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Further over christmas and into 2024 as a short bias. See video and read below^

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