Trading levels for the week ahead below. Weekly Newsletter issue # 1205 with daily levels for Monday, beans outlook, educational videos and more is now available online.
Fed Minutes, FRB Jackson Hole Symposium, Econ Data and a few earnings. Gold just hit all time highs at 2549.9 yesterday on the re-open. Daily chart with possible targets below Economic Data: · Mon. Leading Economic Indicators · Wed. FOMC Minutes · Thu. Chi. Fed. Natl Activity index, weekly jobless claims, S&P PMI Flash, Existing Home Sales · Fri. Bldg. Permits, FED CHAIR Powell speaks. 9:00 a.m. Central, New home Sales Fed activity: · Mon. Waller speaks · Tues. Bostic and Barr speak · Wed. FOMC Minutes from previous meeting, Jackson Hole Symposium begins. · Fri. ** Fed Chair Powell Speaks. 9:00 a.m. Central** Earnings Reports: · Largely Retail Sector featured this week. · Dollar Tree, Target, TJX, Lowe’s, Ross, Williams-Sonoma, Burlington, BJ’s and the biggest by market cap, PDD (TEMU) Check times below for econ data releases The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
Sugar Opinion: Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that's not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs. FREE TRIAL AVAILABLE The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
Home Sales, PMI, Jackson Hole tomorrow. Should be an interesting trading day IMO. Levels and reports below:
Weekly newsletter # 1206: Important Notices - Labor Day Schedule, PCE, NVDIA Futures 101 - Learn to Trade Iron Condors Hot Market of the Week - October Hogs Broker's Trading System of the Week - Copper Swing Trading System Trading Levels for Next Week Trading Reports for Next Week
Have a safe and happy Labor Day weekend. Modified schedule, Bitcoin outlook and more on our BLOG Levels for tomorrow, Aug. 30th below: