To The Moon

Summary of the week: -With the release of the employment report (NFP) hotter than expected, the stock market fell on Friday opening. The decline was short-lived...$Apple(AAPL)$ $DJIA(.DJI)$ ended up 0.1% and rebounded 1.2% from its intraday low. $S&P 500(.SPX)$ rebounded 1% from its lows to close near balance. $NASDAQ(.IXIC)$ posted the strongest session rally at 1.5% to close down 0.2%. -The main event on Thursday was a speech by Jerome Powell of the Federal Reserve at the Brookings Institution, who stressed that interest rates will rise further, albeit at a slower pace, and will need to stay high for some time. time to bring inflation down. "It makes sense to moderate the pace of our rate hikes as we approach the level of restraint that will be sufficient to bring inflation down," Powell said. Ahead: -Wage growth of 0.6% for the month could be seen as a setback in the Federal Reserve's fight against inflation... Wages are now doing the exact opposite of what the Fed would like, suggesting the central bank may need to hold higher rates for longer in order to impact the labor market... But that NFP report, report wouldn't have changed investors' views on the Fed's next interest rate decision... Futures market prices imply nearly a 75% chance of a 0.5 percentage point increase in the federal funds rate on Dec. 14. This would be the reason why the stock market rebounded from its depths on Friday... Calendar: 8/12: Initial Jobless Claims 230K 225K 9/12: PPI (MoM) (Nov) 0.2% 0.2% 9/12: Michigan SPX levels retained: Long gamma context, and we would move away from the low level of 3800. 4000: The area to be monitored remains. 4050-4100: Upper zone with 4100 in resistance 3950-3900: Support area Thanks for reading and supporting. @TigerStars @CaptainTiger