New highs for 30. Awaiting 40Ahead of a busy week for US markets as inflation data that could help confirm interest rate cuts in September.
US30
30 has reached new highs as off last week and has close out of the previous month range, but it has seemed to lose a bit of steam Thursday and Friday (midweek). I'd expect the week to begin bearish atleast just to take Fridays lows and a possible reversal mid week. Until then, I will look for further bearish signs.
GER40
The current months price has been still captured between Junes price range and I will be awaiting a breakout. In July we have seen price reach 18779.3 and seems to be heading to Junes low 17883.1 as we can see structures being violated towards the downside on the 4 hour candle.
With this weeks earnings for mega caps, interest data being released compared to price. This leads me to this if we do see good data will price action become bullish or will the data not favour the US and continue to drop.
