This week is light on market events before next week’s Holiday.
On Wednesday, the Consumer Confidence Index (CCI) reports at 10:00 a.m. Eastern.
Initial and continued Jobless Claims will be reported on Thursday at 8:30 a.m. Eastern. On Friday, the Personal Consumption Expenditures Price Index (PCE) will be released at 8:30 a.m. Eastern, followed by Umich Consumer Sentiment Index at 10:00 a.m. Eastern.
The S&P 500 (/ES) sold off on the Federal Open Market Committee (FOMC) event and sits at $3,879. See if /ES pops toward the 50-day simple moving average (SMA) at $3,936. If /ES lacks momentum at the 50-day SMA, see if /ES rolls down to $3,879.
Check out the video above for a breakdown of my focused list setup in NVDA and critical levels on /ES.