Last week the market survived tech earnings.
This week is all about the Federal Reserve as Federal Reserve Chairman Jerome Powell is set to speak at the Economic Club on Tuesday at 12:40 p.m. Eastern. On Wednesday, additional Fed speakers will present at 9:30 a.m., 10:00 a.m., 12:30 p.m., and 1:40 p.m. Eastern.
On Thursday, Initial and Continuing Jobless Claims are reported at 8:30 a.m. Eastern. The UMICH Consumer Sentiment Index data report will follow on Friday at 10:00 a.m. Eastern.
Last week, the S&P 500 (/ES) broke significant upside levels and reached zones above. With the market at major levels, see if /ES will pull back and head towards my main upside target of $4,175.
Check out the video above for a breakdown of my critical levels on /ES, as it surrounds major structure. I also review the gap on GOOGL and other levels to watch.
Stay Focused!