• Monday: Nothing.
• Tuesday:  Eurozone CPI data @ 5am EST
• Wednesday: UK CPI (June) @ 2am EST; US Home Sales @ 10am
• Thursday: ECB Lagarde @ 8:45am
• Friday: S&P PMI Data @ 9:45am

• Monday: More banks - BAC, GS, SCHW (all PM)
• Tuesday: some industrials (PM), Netflix (AH)
• Wednesday: Tesla (AH)
• Thursday: loads of industrials/Dow (PM)
• Friday: AXP, VZ, TWTR (PM)

• International: Many reports (CPI) from Europe, elsewhere. This will mess with futures.  Careful holding overnight this week. ⚠️ DXY ⚠️
• NEXT WEEK: Most important earnings of the season - Tech: MSFT, META, QCOM, AAPL, AMZN, GOOG, etc3
• REMINDER: FOMC is July 27 (0.75-1.00 rate hike…)

• It’s an almost silent week on US economic data.  Fed Speakers are in quiet period, as well.
• It’s an active week on International economic data, though.  I’m saying it again - don’t hold overnight.  Futures will wreck your shit before you have a chance to react.
• DXY will be on the move this week - and we know what that can do…
• US Earnings season shifts up a gear this week and will be the star of the show for the next 10 trading days.
• I don’t think it’s any surprise that there are going to be some poor earnings and guidance.  It remains to be seen who the market will shrug it off for and who it will punish.
• I don’t see much else to talk about here.  We’re really winding up for a key earnings season + FOMC.  So let’s get to the charts.
• SPY levels:  373 > 375 > 380 > 385 > 390 > 393 > 398
• Chart - Weekly: Neutral.  It’s trying to turn into Bullish.  I don’t see it with my Fundamental Hat on, though.
• Chart - Daily: Bullish.  RSI turning up, clouds crossed
• Chart - 4h: Neutral.  Winding up for a big move.
• Chart - 1h: Bullish - can go a bit more to 390 or so, but then it will be overbought.
• Chart - 30m: Neutral - it’s right at the top of the range on RSI - it’s going to pullback soon.
• The charts are pointing higher over the medium-term.  Maybe a very short-term pullback.  My bearish view doesn’t like this, but I’ll go along.  My only concern is a bull trap being set for earnings season.
• One last time - don’t hold overnight or into PM/AH earnings.  Unless you just need to scratch your gambling itch.

• Scenario 1: If we open above 387, we’re going to test 390.  I don’t see us getting beyond that on Monday (30m/1hr charts) - so I’d look to exit at/before that line.
• Scenario 2: If we open below 385, I’d probably just sit tight and do nothing.  It’s probably going to consolidate all day, with a lean towards upside.  (There’s a lot of bullish sentiment that kicked off on Thursday.
• I’ve got some SPX I held over weekend (bought right at the close), would like to exit those at the open.  If futures hold (+0.41% right now), that’s happening.
• Scenario 1 looks most likely to me for Monday.