Futures Levels | Head Fake Or Higher? (ES, NQ, ZN, GC)

4 ต.ค. 2021

It's nice when a projection comes together. Last week, our outlook suggested that we could see rates breakout, which would likely lead to broader stock index futures weakness. We got it half-right. Rates did breakout, but the rate rise ended up looking more like a head fake, so the selling was contained, with Friday even seeing a strong rebound.

This week there's not much to go on with earnings still a few weeks away. We'll be watching the BTC 50K level, 4400 ES, and if Gold can hold 1750.