Where will prices go next?
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Inflation and interest rates remain the focus as major indexes look to head lower!!
With the US set to release more key inflationary data in the form of PPI, it is a good idea to plan out the key levels on the main Indexes and have an idea of what to expect in the differing scenarios.
To me, major indexes look set to rollover for another swing lower but this may largely depend on the PPI release ahead of the coming US open. Traders are hoping for a weaker than expected release which should be supportive of share markets as the US Fed will therefore be expected to ease off on rate rises. If the data comes in unexpectedly stronger, then we will have another selloff to deal with.
In the video below, I look at the major Indexes in the US, Europe and Asia to gauge the general sentiment and assess the key levels that we need to watch. I also talk through the price action that I am looking at for potential swing trades lower to take advantage of any major move down.
I hope you enjoy the content!! 😁
Happy Trading,
Braden
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