Image Source: Pixabay

In this video, I discuss the upcoming release of the ISM Manufacturing Index and its expected impact on the financial markets, noting that analysts predict a slight increase from the previous month. I analyze the recent performance of the S&P 500, highlighting its new all-time high on a monthly closing basis, despite a weekly decline of 1.13%.

I also examine geopolitical factors, such as the situation in Venezuela and its potential implications for U.S.-China relations. I provide technical analysis on market trends, focusing on moving averages, resistance levels, and overbought conditions in the market, particularly noting the resistance around the 7000 level.
 

00:12:44

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