Weekly Market Forecast: Wait To Buy S&P, NAS, & OIL!In this Weekly Market Forecast, we will analyze the S&P 500, NASDAQ, DOW JONES, Gold and Silver futures, for the week of June 22-28th.
The tensions in the Middle East take center stage, as Iran has signaled they are willing to discuss limitations on there Uranium enrichment program. This could allow outflows from safe havens and inflows to risk assets.
Keep and eye on Silver for shorts, in the near term, though.
Let's see if the market tilts its hand early next week. Monday should bring clarity.
Wait for confirmations before entering trades. A break of structure would be ideal! Enter on the pullback to that structure point.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
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Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
NQ1
Missiles Flying! Buy OIL, GOLD! Sell the Stock Indices!In this Weekly Market Forecast, we will analyze the S&P 500, NASDAQ, DOW JONES, Gold and Silver futures, for the week of June 22-28th.
This is a revision of the Weekly Forecast I posted yesterday! With the latest US strikes into Iran nuke sites, the fundamentals go from zero to a hundred! Risk on turns immediately to risk off, and gap opens are likely to present themselves.
Look to long the safe havens and short the equities until tensions ease.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
NASDAQ Long-term looks brighter than ever!Nasdaq (NDX) has been trading within a massive Channel Up since the bottom of the 2008 U.S. Housing Crisis and during the April 07 2025 bottom, a very distinct bullish signal emerged.
The index hit its 3W MA50 (blue trend-line) for the first time since May 2023. As you can see, since the 2008 Crisis, every time the market rebounded after hitting the 3W MA50, it posted a rise of at least +62.06% before the next time it touched it (and that was on the highly irregular COVID crash).
As a result, we expect to see NDX hit at least 26500 (+62.06%) before a new 3W MA50 test. Chances are we see the market move much higher though.
Note also the incredible bounce it made on the 3W RSI 14-year Support Zone.
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NASDAQ: Huge pivot can catapult it if broken.Nasdaq has turned neutral again on its 1D technical outlook (RSI = 54.712, MACD = 377..560, ADX = 20.644) as it has been struggling to cross above a hidden trendline, the Pivot P1 that was at the start of this Bull Cycle a support and after the trade war acts now as a resistance. If broken, we anticipate a +27.84% rise at least (TP = 28,440), which may very well be an end of year target.
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FED Day: NQ Futures planCME_MINI:NQ1!
Today is FOMC day; however, there is a larger geopolitical risk looming, along with the trade war and tariffs situation unfolding.
Recently, we have noted inflation moving lower, although it is not yet at the FED’s 2% target. Retail sales fell sharply last month. Tariffs have not yet resulted in inflation so far, partly due to the 90-day pause, and with possible extensions, some deals agreed upon, and a framework for others in place, tariff uncertainty has considerably reduced.
On the contrary, lower energy prices that supported lower inflation have risen due to ongoing geopolitical issues. Risks remain high for elevated energy prices even if supply and sea routes remain unharmed. In our view, this is due to the fragility of the situation and what it would take to turn the ongoing war into the worst possible outcome.
The FED releases their Summary of Economic Projections. Key data points will be inflation and growth projections, along with interest rate projections and any talks about neutral rates and expected cuts, given the bleak global outlook and growth. The FED is otherwise expected to hold rates steady in this meeting.
Given this, and what Chair Powell says in the FOMC press conference, their commitment towards driving inflation lower versus maximum employment, risks on the growth and employment side have started to worsen. If rate cut bets are moved forward or if markets price in more rate cuts than currently priced in, we may see equity index futures make further gains.
NQ futures are coiling; the yearly VPOC has shifted higher, as we explained in our previous analysis.
Today’s meeting may be key for further fuel higher or lower, depending on how it pans out. Market participants are in a wait and see mode. Markets are accepting higher prices and break of balance is key to determine the direction price may be headed in. Until otherwise proven, markets are range bound and mean reverting from June Composite Volume Profile towards monthly VWAP and VPOC.
NASDAQ Close to the 1st 1D Golden Cross in 2 years!Nasdaq (NDX) has been trading within a Channel Up since the December 2022 Low and is currently extending the gains of the latest Bullish Leg.
At the same time it is about to form the first 1D Golden Cross in more than 2 years (since March 08 2023). The last two major Bullish Legs of this pattern, before the previous one was interrupted by the Trade War, were pretty symmetrical, peaking at +49.21% and +47.47% respectively.
If the current one follows the +47.47% 'minimum', we should be expecting Nasdaq to hit 24000 by late Q3.
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Weekly Market Outlook: FOMC, Trade Deals and GeopoliticsIt is a holiday-shortened week, with the majority of markets halting early on Thursday, June 19, 2025, in observance of Juneteenth. See here for holiday trading schedule
Key Themes to Monitor This Week
Geopolitical Risks
Any outside intervention in the ongoing Israel-Iran conflict will likely be seen as a risk-off event by market participants. Despite Friday’s sell-off, markets shrugged off during the Sunday open and overnight sessions.
There are potential risks to trade routes and energy infrastructure, although disruptions seem unlikely at the moment. Amena Bakr at Kpler noted that, so far, there are no signs of disruptions in oil loadings from Iran. Without a supply outage, there is no pressing need for additional barrels to be brought onto the market.
Trade War and Trade Deals
There have been recent developments with the U.S. reaching key trade deal milestones with several countries. The baseline scenario remains optimistic, with expectations for an extension in negotiations and potential reciprocal tariffs for countries failing to reach agreements.
FED Week
This is a key week for U.S. monetary policy, with the FOMC decision, Summary of Economic Projections (SEP), and Chair Powell’s press conference scheduled.
Traders will be closely watching how the Fed’s inflation and growth expectations have evolved, as reflected in the SEP. All eyes will be on the dot plot to note how interest rate expectations have evolved since last quarter. Of note: Will President Trump’s continued calls for rate cuts influence Chair Powell’s tone or guidance?
Expectations for the Week Ahead
NQ futures have continued one-time framing higher, consistently creating higher lows since the week of April 21, 2025. A strong support zone exists below, anchored at the yearly Volume Point of Control (VPOC) and the Anchored VWAP from May 11, 2025, when markets gapped higher.
Key Levels to Watch
• yVAH: 22,690.50
• R2: 22,510
• R1 / Previous Week High: 22,322.50
• May 11 AVWAP: 21,672.25
• yVPOC: 21,660
Scenario 1: Market Grinds Higher but Stays Cautious
Despite several looming risk factors, the market could continue to grind higher. In this scenario, we anticipate a test above the prior week's high, followed by a potential pullback into last week’s range.
Example Trade Idea 1
• Entry: 22,000
• Stop: 21,930
• Target: 22,322
• Risk: 70 pts
• Reward: 322 pts
• Risk-Reward Ratio: 4.6R
Scenario 2: Pullback to Support, Range-Bound Consolidation
If the market pulls back, we expect the yearly VPOC and AVWAP from May 11 to act as key support levels. In this case, price action may remain range-bound within the previous week’s range, forming an inside week.
Example Trade Idea 2
• Entry: 21,672
• Stop: 21,600
• Target: 22,000
• Risk: 72 pts
• Reward: 328 pts
• Risk-Reward Ratio: 4.6R
________________________________________
Glossary
• VPOC: Volume Point of Control
• VA: Value Area
• VAL: Value Area Low
• VAH: Value Area High
• VP: Volume Profile
• AVP: Anchored Volume Profile
• Y: Yearly
• pWk: Previous Week
push up nasdaqwe can see that the market has properly push to the upside, looking for a break of range.
entry is in blue, and correspoinds to daily levels that has shown rejection to the upside.
possible drop in the first minutes, and then a move to the upside.
entry in blue. stop in red and target in green.
HAVE FUN
TSP
Buy OIL & GOLD, Sell Stocks Indices When Missiles Are Flying!In this Weekly Market Forecast, we will analyze the S&P 500, NASDAQ, DOW JONES, Gold and Silver futures, for the week of June 16-20th.
When missiles start flying in the Middle East, investors become reactively risk averse. Money goes from stocks to safe havens and oil. That's it. Expect oil prices to rise, Gold to reach new highs, and the equity markets to see more sellers than buyers.
This environment may last a few days or a few weeks. Keep an ear to the news.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Potential Head and Shoulders PatternHow to identify head and shoulders patterns?
We’ll use the current example from the Nasdaq or the US markets. We can quite clearly observe that a potential head and shoulders formation is developing. This means that if the price breaks below the neckline, we may see a deeper correction from the April low.
I will go through the rules on how to identify a head and shoulders formation.
We will also cover how to recognize when the pattern is invalid — meaning the market may continue pushing above its all-time high.
Finally, we’ll discuss how we can position ourselves early, before waiting for a break below the neckline for confirmation.
Let’s first go through the rules of identifying head and shoulders with rules stated.
Next, how to recognize when the pattern is invalid, the market continues pushing above its all-time high. The key is in the closing price above the all-time high.
Lastly, how we can position ourselves early, before waiting for a break below the neckline for confirmation.
Of course, we can wait for the break to come as a confirmation, but usually I would like to be a little more active than being passive. So this is just for your reference. It may not be for everyone.
This is where I always get into its micro view by first acknowledging where is the macro is, which we had just discussed. Please refer to the following video:
So what do you think that the market likely or unlikely to fulfill this head and shoulders set-up?
I’d like to hear your thoughts on this.
Micro Nikkei Futures
Ticker: MNQ
Minimum fluctuation:
0.25 index points = $0.50
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
Trading the Micro: www.cmegroup.com
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Staircase seen in real chartsFor the most part OANDA:NAS100USD has exhibited a near perfect staircase up so far.
It does appear fairly extended right now, but with rotation out of safe havens into risk on assets again, what remains to be seen is how much fuel is in the tank, and how far can the tailwind take it.
Mid-Week Outlook Update: US CPI- Trade TalksCPI day today. Scheduled to be released at 7:30 AM CT.
CME:6E1! CME_MINI:ES1! CME_MINI:NQ1! CME_MINI:MNQ1! CME_MINI:MES1! COMEX:GC1! CBOT:ZN1!
ES futures edged slightly higher after positive commentary from US-China trade talks. The delegations from both sides agreed on a framework to move forward with negotiations.
It is important to note that Trade War 1.0 took about two years to formalize and finalize. However, given the previous experience and the current agreement on the framework, our opinion (which is not the consensus) is that the trade deal between China and the US may be closer than what most analysts and investors might otherwise predict.
Like any negotiations, China and the US have previously discussed these difficult issues and have found a way to resolve them. Although the concerns have shifted towards niche sectors, we still view baseline tariffs with some sectors seeing increased tariffs as likely.
TACO (Trump Always Chickens Out) acronym traders will see a tougher stance from Trump to resolve the overarching trade deficit issue with China, particularly the dumping of Chinese goods.
AI, defense technology, chips, and rare earth minerals are at the center of these discussions. There will be targeted controls on exports of chips from the US and exports of rare earth minerals on the Chinese side, despite the current framework and deals agreed. In our view, these controls will be phased out until agreements are finalized, to maintain leverage and show TACO acronym backers that Trump is not “chickening out,” but rather maintaining a strong stance while negotiating trade deals with China and other countries.
In our analysis, despite positive headlines, the overhanging uncertainty has not dissipated. In fact, there is clarity that President Trump is willing to take the difficult road to negotiate from an apparent position of strength. Would this result in extension of trade deadlines or temporary increase in tariffs followed by an extension of deadlines? This remains to be seen!
If May CPI comes in lower than expectations, this will be a nudge in the direction that tariffs are not translating into higher inflation. We may see a rally in index futures.
On the contrary, any increase in CPI above the previous 2.3% YoY increase will be seen as tariff-induced inflation.
In our analysis, given lower energy prices, rent inflation stabilizing at levels last seen in late 2021, and services inflation in the US trending lower from the peak in January 2023, we are seeing embedded inflation in the prior two months and this may remain sticky in today’s release. However, any stability with lower energy prices seen in the prior month will point to a lower inflation print overall.
Comment with your favorite trade idea from our past trade ideas and what you would like to see more of.
NASDAQ: Close to a strong bounce.Nasdaq is about to turn overbought on its 1D technical outlook (RSI = 68.736, MACD = 505.460, ADX = 18.046) as it is extending an uptrend since the 4H MA50 test/bounce. Such low paced price increase typically precedes strong breakouts. Since the long term pattern is a Channel Up, we are still on its 3rd bullish wave overall. The prior ones were +9.50% on avg, so we remain bullish on the short term, TP = 22,500.
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ES Futures-Weekly OutlookCME_MINI:ES1!
Fundamentals and Economic Calendar
Data Recap:
• Friday: 06/06/2025
o US Non-Farm Payrolls (May) 139k vs. Exp. 130k (Prev. 177k, Rev. 147k)
o US Unemployment Rate (May) 4.2% vs. Exp. 4.2% (Prev. 4.2%)
o US Average Earnings YY (May) 3.9% vs. Exp. 3.7% (Prev. 3.8%, Rev. 3.9%)
• Overnight Monday: 06/09/2025
o Chinese Trade Balance (USD)(May) 103.22B vs. Exp. 101.3B (Prev. 96.18B)
o Chinese Exports YY (USD)(May) 4.8% vs. Exp. 5.0% (Prev. 8.1%)
o Chinese Imports YY (USD)(May) -3.4% vs. Exp. -0.9% (Prev. -0.2%)
o Chinese CPI MM (May) -0.2% vs. Exp. -0.2% (Prev. 0.1%)
o Chinese PPI YY (May) -3.3% vs. Exp. -3.2% (Prev. -2.7%)
o Chinese CPI YY (May) -0.1% vs. Exp. -0.2% (Prev. -0.1%)
Looking ahead this week on the calendar, notable economic data releases are as follows:
• Wednesday: 06/11/2025
o US CPI YoY (May)
o US CPI MoM (May)
o US 10 year Note Auction
• Thursday: 06/12/2025
o US PPI MoM (May)
o US PPI YoY (May)
o US 30 year Bond Auction
• Friday: 06/13/2025
o Michigan Consumer Sentiment (Jun)P
o Michigan 1-year and 5-year Inflation Expectations (Jun)P
On the trade and tariff front, we have China-US trade talks continuing in the UK today. The Chinese Vice Premier is visiting the UK from June 8th-13th.
There has been progress made which is visible in terms of China relaxing export controls on rare earth minerals and President Trump stating that they are very far advanced on the China deal ahead of high level talks in London today.
The FED is in a blackout period until the FOMC meeting. Trade, tariffs, and geopolitical risks still need to be monitored.
Technical:
What has the market done?
With NQ leading, ES has also reclaimed yearly open. It held above yearly open in the overnight session.
What is it trying to do?
Climb higher, overlapping bars and yearly VPOC shifting higher denote acceptance at higher prices.
How good of a job is it doing?
Overlapping bars, headline risks and leveraged positions also point towards potential for prices moving lower before resuming higher or remaining range bound. TACO acronym traders may be in for max pain.
What is more likely to happen from here?
Given the data above, we would iterate given our previous explanation that recent data including CPI, PPI, Trade imports, exports is skewed due to trade tensions and this being reflected in business and consumer behavior. FED is likely to remain on hold while it waits and averages out the impact on growth, inflation and labor market.
Scenario 1: Push higher
Prices continue to push higher, if CPI comes in lower than expected, this may prompt a short-term continuation higher.
Scenario 2: Range bound
Markets remain in wait and see mode this week having climbed above yearly open. Markets build value higher and we expect VPOC to shift higher too.
Scenario 3: Sell-off
A mix of factors could e.g., trade talks stalling, weaker than expected US 10 year and 30 year auctions could foreshadow cracks appearing in the bonds market. This may fuel a wider sell-off if yields climb back higher.
Glossary:
ES - emini-S&P 500 Futures
NQ - emini-NASDAQ 100 Futures
VPOC - Volume Point of Control: The most traded price by volume in a given range. Represents acceptance or consensus
NASDAQ Initiated a standard short-term Bull Cycle.Nasdaq (NDX) has been trading within a Channel Up ever since the November 2008 bottom of the U.S. Housing Crisis. The recent Trade War correction that started early this year, bottomed just before the 1W MA200 (orange trend-line) and rebounded.
As this chart shows, every break below the 1W MA50 (blue trend-line) has technically started a new Cycle. During this 16-year pattern, we have seen two types of Cycles, a short (blue Rectangle) and long (green Rectangle).
Based on the sequence since the start of the Channel Up, the index should have now just initiated its new short Cycle. Both previous ones peaked on the 1.786 Fibonacci extension before a correction below the 1W MA50 again. As a result, we expect to see 28000 at least before the next meaningful technical correction.
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Weekly Market Forecast: BUY Stock Indices & Oil! Sell Gold! In this Weekly Market Forecast, we will analyze the S&P 500, NASDAQ, DOW JONES, Gold and Silver futures, for the week of June 9 - 13th.
Stock Indices are looking more bullish. Valid buys only!
Gold is weak. Sells only until there is a market structure shift upwards.
Oil prices have room to go higher. Buy it.
Silver is a wait and see. Should start to pull back this week, as it closed last week stronger than Gold.
CPI Wednesday. After the news is announced, the market should be very tradeable for the rest of the week.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.