Market Outlook 07/06/2021
Welcome to FOMC week. The NFP data on Friday was bullish as expected pushing /ES and /NQ to another new all-time-highs and weekly RSI into some trendline resistances which makes this week really interesting.
The long term resistance for /ES is 4344-4394 zone lining up with a 2x level of the lows from covid drop along with other measured move levels. How…