The Busiest Week  

Please click here for a chart of  Nasdaq 100 ETF ().

Note the following:  –

  • The chart shows that the market is consolidating around the breakout line. This indicates indecision.
  • We have previously shared with you that over the coming days, the following will be the prime drivers of the market.
    • Earnings
    • Interest rates
    • Fed policy over tapering
    • Biden borrowing
  • This is the busiest earnings week.
  • Stocks will move based on the difference between actual reported numbers and projections compared to the whisper numbers.
  • Whisper numbers have been moving higher and higher compared to the consensus numbers.