Whatever the dark of the road , but it's the perfect practical application to end the challenge

The ES has 8 days of price overlap coiling inside a 65 PT range while the NQ is grinding higher lead by only a few of the larger cap stocks. The ES needs to trade below 4110 or above 4174 to breakout & get a directional play. Pivot=4141 $SPY $QQQ $QQQ

Testing The Resistance
The market has the right to test the resistance. The confluence of the trendline with the 200-day moving average is a crucial point to watch.

As earnings season kicks off, the market is primed to witness some surprising turns in the coming days, weeks, and months ahead. Powell's speech today kept investors thinking about future interest rate hikes and what that all will mean.

Gold and silver continue to rise as a hedge against inflationary pressures from an increasingly robust labor market, alongside continued consumer spending. Oil is creeping up slowly. Value stocks outperform growth, while the US Dollar is vulnerable. These data points are monitored continuously, to get a clearer idea of where the market will be in a few months.

We also watched similar events unfold, and brought a favorite indicator for times like this! Financial professionals watch these factors across markets closely.

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