How is the more hawkish Powell playing out in the indices? Very bearishly. Why is that? The Target Rate Probabilities moved up a notch, but does that mean there are no support levels and buys to consider? In this update, I look at just that for short-term swing trades.
With the S&P 500 reaching up towards resistance targets, the U.S. Dollar Index may hold clues to whether that resistance area will hold.
Humphrey Hawkins, NFP jobs report, another chance at a Pit Bull Low, and the Index Futures roll from March to June with a bearish -40 point ES gap. Exciting times ahead.
In this video I walk through the WDAY chart as well as a few different trade ideas to consider.
