š Week Ahead: April 6-10 ā Key Levels & Setups to Watch
Happy Sunday team. Let's prep for the week ahead.
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šļø Key Events This Week
Monday 4/6 ā Factory Orders data. Light day ā good for reviewing your watchlist and setting alerts
Tuesday 4/7 ā Trade Balance report. Could move the dollar index
Wednesday 4/8 ā FOMC Minutes release (2:00 PM ET) ā this is the big one. Expect volatility after 2 PM. Consider reducing position sizes or sitting on hands until the dust settles
Thursday 4/9 ā Initial Jobless Claims + Wholesale Inventories
Friday 4/10 ā CPI data release ā major market mover. This will set the tone for the rest of April
š What I'm Watching
S&P 500 (SPY)
Holding above the 50-day moving average ā constructive
Watch last week's low as key support
Watch last week's high as key resistance
Bias: Neutral into FOMC, then reactive
Tech (QQQ)
Still showing relative strength vs SPY ā tech leading is bullish
Any pullback to the 21 EMA is a potential long entry if structure holds
Watching for continuation above last week's range
Dollar (DXY)
Dollar weakness = tailwind for equities and crypto
Tuesday's Trade Balance data could be the catalyst
šÆ Weekly Game Plan
Monday/Tuesday ā Normal setups. Build watchlist, set alerts at key levels
Wednesday pre-FOMC ā Reduce risk. No new positions after 1:00 PM ET
Wednesday post-FOMC ā Watch for overreaction. The reversal after the initial move often provides the real opportunity
Thursday/Friday ā CPI anticipation builds Thursday, reaction on Friday. Be nimble with sizing
ā ļø Risk Management Reminder
News-heavy week. If you're still working through Trading 101, there's zero shame in sitting out Wednesday and Friday entirely. Protecting your capital IS a strategy ā revisit the Risk Management chapter if you haven't already.
Questions? Drop them in the Trading Chat. See you tomorrow morning. Let's have a solid week šŖ
