Last week we saw the Index testing a new low, continuing its downward trend, cause by the Feds cutting interest rates.

On the major frames the Index is in fact bearish unless we have a clear move above 101.400.

This week I expect a pullback to the 98.300 – 98.750 critical area of resistance by Tuesday, Powell speech could push the index up to 101.050 – 101.350 or down to new lows in the 96.000 – 95.220 area of support.