U.S. Stocks Brace for a Volatile Week

Last Friday, the three major U.S. stock indexes ended up, capping off one of the most turbulent weeks so far this year.

The new week poses significant challenges—can the U.S. stocks hold up?

Key macroeconomic dates include the U.S. releasing the July PPI on August 13, the July CPI on August 14, and the so-called "dreaded" July retail sales data on August 15.

Also, Japan will release its Q2 GDP, likely stirring the pot again with yen carry trades.

In political news, the latest Financial Times poll shows Harris with a 1% lead over Trump in the presidential race.

I think from economic reports to the election, all could drive more volatility in U.S. stocks. Investors should keep a close eye on market movements and manage their risks accordingly.

Technical speaking,

we have predicted that last week, the s&p 500 might started to rebound, since we've seenthree to four bearish candles before trend reversal inthe past pullbacks, and last week was the forth candle of this pullback. And it just moved as we've predicted.

And for now, the price is still rebounding from overall bearish market. So this week, we might pay close attention to the ending signal of this rebound, for example, the price be rejected by the resistance of previous low.

In corporate news, Google's big "Made by Google" hardware event is set for August 13, where they'll unveil the new Google Pixel 9 series and Pixel 9 Pro Fold.

and now check it's stock chart.

we could see that it is rebounding from an overall downtrend market.

it moves exatly the same as what we have predicted two weeks ago.

And it's closed to the resistance area of previous lows, which shares the same level with the downtrend line, double confirmed the importance of this resistance area.

So if it be rejected by this area, and start to showing sell signals like bearish engulfing pattern etc, the price may continue to drop.

Additionally, from August 13 to 29, Supermicro in the U.S. will host its annual Open Storage Summit, with giants like Nvidia, AMD, and Intel discussing AI, cloud services, and more.

Lastly, former President Trump, announced he'll be interviewed by Elon Musk, CEO of X, on the evening of August 12.