Oct 25 – Existing Home Sales (Previous: 4.13M. Expected: 4.20M).
Oct 26 – Consumer Confidence (Previous: 48.0. Expected: 48.5).
Oct 27 – Durable Orders (Previous: -1.3%. Expected: 1.0%).
Oct 27 – New Home Sales (Previous: 288k. Expected: 270k).
Oct 28 – Initial Claims (Previous: 452,000. Expected: 450,000).
Oct 28 – Continuing Claims (Previous: 4,441,000. Expected: 4,450,000).
It does seem more plausible that the week starts mixed and drift downwards before rebounding towards the end of the week. I will suggest positions to be made towards the mid week, especially when the index is leaning towards 3144. A rebound from here is a strong signal for long, while a break below is a clear short.