S&P500 Taking A Breather Pricing In Inflation And Tapering
The higher US CPI read of 6.2 % YoY lead to a spike in US10Y and a small sell off in the ES. As of now the uptrend remains intact and as long as we do not get a close below 4300 I am looking for long entries.
Buy at or around 4552 if support holds or buy break and close above 4713 resistance.
Looking at the order book we can see a lot more sell orders between 4662 up to 4675 vs much less buying orders below 4659 down towards 4612.
ES1!
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