Overnight
Expect balance 6586–6596 with a modest bullish tilt. If ON accepts >6596.5, drift toward 6603–6606 is likely before NY.
Tomorrow (NY session)
Base case: Early range, then acceptance >6596.5 (close + clean retest) → expansion to 6606 → 6612 → 6616–6619 (HTF extension band).
Failure path: Rejection at 6596–6600 and acceptance <6586 → rotate 6581 → 6577; deeper only if 6577 fails (then 6566/6556).
Fundamentals (times ET)
10:00 — Univ. of Michigan Consumer Sentiment (Prelim, Sep). This is the only major macro print on deck; expect a 2–5m whipsaw around the release, then directional follow-through after displacement.
Today’s context: CPI (Aug) came in +0.4% m/m, +2.9% y/y; Core +0.3% m/m, +3.1% y/y, and Initial Jobless Claims rose to 263k (week ending Sep 6). Together: inflation still sticky but labor softening—into tomorrow this supports “range→up unless 6586 breaks.”
Expect balance 6586–6596 with a modest bullish tilt. If ON accepts >6596.5, drift toward 6603–6606 is likely before NY.
Tomorrow (NY session)
Base case: Early range, then acceptance >6596.5 (close + clean retest) → expansion to 6606 → 6612 → 6616–6619 (HTF extension band).
Failure path: Rejection at 6596–6600 and acceptance <6586 → rotate 6581 → 6577; deeper only if 6577 fails (then 6566/6556).
Fundamentals (times ET)
10:00 — Univ. of Michigan Consumer Sentiment (Prelim, Sep). This is the only major macro print on deck; expect a 2–5m whipsaw around the release, then directional follow-through after displacement.
Today’s context: CPI (Aug) came in +0.4% m/m, +2.9% y/y; Core +0.3% m/m, +3.1% y/y, and Initial Jobless Claims rose to 263k (week ending Sep 6). Together: inflation still sticky but labor softening—into tomorrow this supports “range→up unless 6586 breaks.”
If you want to contact me Email: info@algoindex.com or algoindex.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
If you want to contact me Email: info@algoindex.com or algoindex.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.