ES - 2nd Week of October 2023 - Bullish

Panjang

E-mini S&P 500 Futures (Dec 2023) (CME_MINI:ESZ2023)

CME_MINI:ESZ2023 E-mini S&P 500 Futures (Dec 2023)

Beyond Technical Analysis Contains IO script

It's once again PPI & CPI Week, we also have FOMC wedged in. I am expecting a Consolidation Thursday Reversal or a Midweek Reversal could be possible due to FOMC landing on Wednesday. Possible low of the week will be previous week's bottom wick 50% which fills in the weekly volume imbalance at the same time with bullish expansion towards 50% of the weekly fair value gap for possible high of the week.

I do not think this is the quarterly shift just yet. However, bullishness aligns with Fall seasonality along with indices being in deep discount primed to seek premium prices.

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