BIG week ahead in the markets - here's why... 📊

What’s up traders.

If you started following us on Twitter recently, you’ll notice that we’ve been pumping out some juicy market analysis on a daily basis.

Adding on those daily market reports, we’re going to be pushing out more broad weekly reports every Sunday here on Substack to give you a clearer picture of the markets ahead.

Followed by some more analysis exclusively on our Substack Wednesday, and Friday.

We’re able to add this to our current content schedule because our team & brand are growing like crazy.

Which means you get even more value-packed content every single week!

That being said, let’s dive right in…

The Week Ahead

Throughout the past week, the market was characterized by the dominant presence of buyers which managed to breakout from the multi-week balance area.

Fueled by A.I. , big bank earnings and positive inflation reports which beat the expectations, the market was driven to new year highs.

The big break out from 4500 will play a pivotal role in the upcoming week as the market’s ability to hold above is crucial for the continuation.

Friday’s ON session saw buyers pushing the prices higher to the first key upside target we’ve posted on Friday, 4555. 

That rally was fueled mostly by retail traders that over-extended themselves above 4555 after the big bank earnings reports.

While the larger money already anticipated that those earnings would be as expected which lead to rejection above that level and a downward spike on the afternoon hours of 30 handles from the highs. 

QuantVue’s Pivot level of 4538 offered good reactions once the price touched that area until strong selling pressure managed to break bellow the pivot.

The Monday’s open will confirm if this was a breakdown and acceptance below or the prices had gone low enough to cut off the selling and hold 4538. 

Daily levels to watch will be posted tomorrow on the ON session as always.

Economic Events To Watch:

Mon: Empire Manufacturing for July

Tue: Retail Sales

Wed: Housing Starts / Building Permits

Thur: Jobless Claims/ FED PMI Index/Existing Home Sales

Fri: - 

Earnings To Watch:

Mon: - 

Tue: $BAC$MS$SCHW $LMT $PNC $BK 

Wed: $TSLA $BKR$NDAQ$GS$NFLX $IBM$ASML 

Thur: $JNJ $TSM $ABT $COF $AAL 

Fri: $AXP  

That’s all we got for you in this one.

We’re excited to get these reports out to you all on a weekly basis!

Let’s have a great week out on the charts.

Cheers!

-The QuantVue Team