The overall market absorbed another profit warning from 
TGT yesterday and rallied from the lows of the range. $407 held once again and we rallied up to the highs of the recent range. We already have 7 sessions within this tight range. In case of a move in either direction, we expect at least 10 points of upside/downside. As long as the CPI numbers come in lower than expected on Friday, we expect the 
SPY to get above $422-425. For now, one can buy the dip at the lower part of the range and sell into the resistance area.
TGT yesterday and rallied from the lows of the range. $407 held once again and we rallied up to the highs of the recent range. We already have 7 sessions within this tight range. In case of a move in either direction, we expect at least 10 points of upside/downside. As long as the CPI numbers come in lower than expected on Friday, we expect the SPY to get above $422-425. For now, one can buy the dip at the lower part of the range and sell into the resistance area. 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.