$S&P 500(.SPX)$ $Cboe Volatility Index(VIX)$  $Oracle(ORCL)$  📊🌍📉 Market Week Ahead: Volatility Returns, Inflation Takes Centre Stage 📉🌍📊

After nine consecutive green weeks, the rally finally hit turbulence.

I’m watching macro headlines closely as the combination of escalating Trump/Iran tensions, a stronger-than-expected labour market, and rising Treasury yields triggered a sharp risk-off move into Friday’s close. The May payrolls report came in at 172,000 versus expectations near 80,000-90,000, significantly reducing expectations for near-term Fed rate cuts and reigniting concerns that rates could remain higher for longer.

The result?

📉 $SPY sold off sharply

📉 The Nasdaq suffered its worst session since April 2025

📉 The S&P 500’s nine-week winning streak came to an abrupt end

📈 $VIX exploded higher as traders rushed to hedge risk.

Key $SPY Levels For Monday

🔹 Support: $731.80

🔹 Resistance: $735.00

A break below support could invite further downside momentum, while reclaiming resistance would suggest buyers remain active despite the recent shock.

Major Economic Catalysts This Week

📅 Wednesday: CPI Inflation Report

📅 Thursday: PPI Inflation Report

📅 Friday: Michigan Consumer Sentiment

This is one of those weeks where every inflation print matters. Hotter-than-expected numbers could reinforce the higher-for-longer narrative, while softer data may help stabilise rate-cut expectations ahead of next week’s Fed meeting.

Earnings To Watch

💻 $ORCL

🎨 $ADBE

🏠 $RH

⚡ $FCEL

I’m particularly interested in $ORCL as investors continue searching for the next major AI infrastructure winner after the recent semiconductor shakeout.

Volatility Update

📈 $VIX surged more than 32% on Friday, marking the most volatile session since the April 2025 “Liberation Day” sell-off. Market data showed the VIX closing around the important 21.5 volume area after an explosive move higher.

Technical levels I’m monitoring:

🔸 Double bottom near $15.19

🔸 Major volume node around $21.50

🔸 Initial support at $20.50

🔸 Secondary support at $19.70

🔸 Key resistance at $23.74

The bigger picture is becoming increasingly interesting. A developing Head & Shoulders pattern on the larger timeframe could be forming into June. If volatility remains elevated above 20, market participants may need to prepare for wider daily ranges and increased headline sensitivity.

What stands out most is how quickly sentiment changed.

Just one week ago investors were celebrating a relentless rally fuelled by AI enthusiasm and hopes for multiple rate cuts. One strong jobs report completely altered that narrative. Markets remain data dependent, and this week’s inflation numbers now carry enormous importance.

👉 Do you think this is simply a healthy correction after nine green weeks, or the beginning of a deeper repricing as rate-cut expectations continue to fade?

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Trade like a boss! Happy trading ahead, Cheers, BC 📈🚀🍀🍀🍀