Keep an eye. Wait wait & wait for entry
Earlier this month, President Trump said very good numbers will be announced soon on GDP. At the time there was speculation that he was leaking his own data but that's probably unfounded. Since this is the third look at the data, it's not likely to be revised much. The second reading was 1.2% (annualized) and the consensus of economists don't expect that to change.
The consumer does it again: Personal consumption 1.1% vs 0.6% prior
US initial jobless claims for June 24 week 244K vs 240K estimate
we’ll see some kind of reversal structure pattern form when the market moves deeper into the zone. There isn’t much to do for now, so just keep an eye out for if a sharp swing down takes place when the moves deeper into the zone, as that would be a good sign a reversal pattern is in the process of forming.
The consumer does it again: Personal consumption 1.1% vs 0.6% prior
US initial jobless claims for June 24 week 244K vs 240K estimate
we’ll see some kind of reversal structure pattern form when the market moves deeper into the zone. There isn’t much to do for now, so just keep an eye out for if a sharp swing down takes place when the moves deeper into the zone, as that would be a good sign a reversal pattern is in the process of forming.
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