SPX 6300 Highs to 6200 Lows - Watch Key Levels

This week earnings season kicks off
-Notables include JPM, GS, BAC, WFC, NFLX, KMI, PEP and others

US Inflation (CPI and PPI) this week
-forecasts are showing HIGHER inflation
-consumers care, but markets may not

6300-6350 key resistance area for SPX
6200 key support area for SPX
If we break the 6200 floor, there's room to fall to 6000-5700 to find stronger support

I discuss the 50 day moving averarages on the S&P and Nasdaq as levels to watch

For the remainder of the month...
7/18 July Monthly Expiration
7/30 US FOMC (with Press Conference)
8/1 US Non-Farm
8/1 US Tariff Deadline (per Trump)

Markets will have to really love a slew of good earnings and good news to see more highs and melt-ups through this typically bumpy season (Aug-Sep)

Thanks for watching!!!