Weekly Recap & Market Forecast $SPX (July 7th —>July 12th)
**SPX**- Job data last week show that full-time jobs have decreased in the economy. However, this means the Fed's plan to slow down the economy is working.
Tuesday and Thursday should be volatile days to trade.
Next resistance $5577 and $5600
Next support $5436 and 5332
Weekly Sentiment = Bullish
**Dollar Index:**
DXY- The dollar index came down as expected last week, We are coming to the support zone soon, Which means we could see chop in the market if this area holds.
Next resistance $106.10
Support $104.70
Sentiment = Oversold
Tuesday and Thursday should be volatile days to trade.
Next resistance $5577 and $5600
Next support $5436 and 5332
Weekly Sentiment = Bullish
**Dollar Index:**
DXY- The dollar index came down as expected last week, We are coming to the support zone soon, Which means we could see chop in the market if this area holds.
Next resistance $106.10
Support $104.70
Sentiment = Oversold
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