Week of June 9

CPI upcoming as the duel with 6000 SPX continues

Recap of last week

Last week we took 2 total trades. We hit both and had no losers again.

We went long early on in the week as we saw a selloff in the Euro session on Monday/Tuesday. The low turned out to be 5909.

We flipped bearish right as the crowd turned bullish on Thursday. The high of the day was 6016.50, and we got short the market right after the Trump-Elon feud and the market collapsed almost 100 points in hours.

And again once the crowd turned bearish again we knew it was time to close out our shorts ahead of NFP.

ES is still trading basically at levels it was weeks ago in mid-May. Did we decisively break this range?

Next move for markets