CPI in line won't do the trick! Or will it?

CPI at 6.5%. In line with expectations. Market remains rather neutral. Which means the news will probably not be a big enough kick to get us to the topside of major resistance on the charts. Unless/until JPOW & Co. actually pivot, either via language or actions, the market is likely to continue its current price action underneath our downtrend resistance.

Stew
Chart PatternsCPIfedTechnical Indicatorsinflationjpowratessnp500SPDR S&P 500 ETF (SPY) StocksTrend Analysisus500

Stewdamus Trades -

Prophesying the price action of markets one chart at a time.

Crypto predictions, targets, how-tos, and much, much more!

Never miss a prophecy. Sign up for my free newsletter at:

stewdam.us
Also on:

Related publications

Disclaimer