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With US CPI coming in stronger than expected, and traders mulling over whether we see more interest rate rises, I expect to see some ‘risk off’ selling into the major Indexes.
The Key indexes have all had a good run higher and recently stalled at relevant resistance levels. With the weigh of numbers well and truly on the buy side, for the market to continue higher, more buyers/money needs to be enticed into the action…but I feel the current climate to be short term bearish meaning new traders are more likely to be happy sitting aside for now.
In the video I talk through the price action on the major Indexes and key levels to watch. I look through the potential bullish and bearish scenarios and how I see it all playing out.
Happy Trading
Braden
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Watch the FULL Video here 👇
Stock Market Key Indexes…Major Levels you need to watch!!
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