The chop continues… As the market enters its third week of consolidation, this week could finally be the week that market gives us some movement. Why? A slate of earnings reports are set to be released this week. Among those to pay attention to Microsoft (MSFT), Meta (META), Google (GOOGL), and Amazon (AMZN). Needless to say, if these earnings all come in better than expectations, this is a healthy sign for the market overall.
However, while this type of market can seem frustrating, there is one good thing about this consolidation (beside the impending move), we have very defined levels to use as our roadmap of the market.
To the upside, we have an idea of what levels we need to break and hold above for a part 2 of the rally we saw not too long ago. To the downside, the same is true. Now, we just need to be patient enough to wait for the market to bring us trades worth making. Check out my video below for some of these major levels to have on watch this week!
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I look forward to trading with you, but until then, as always…
