20ema crossing 50ema on daily, past two times we've seen a ~6% increase & ~4% increase respectively in the leading days.
20ema is currently crossing 50ema. Should rally with solid CPI on Thursday. 4060-4100 target.
Good morning!!! Wow....just wow. What a day yesterday. Caught me way off guard, that's for sure. The CPI report really just lit the markets on fire bringing it back to that upward channel from the October 13th low. A few days ago I was already mentally preparing myself that this market could go touch 4000 or even 4100. I just wasn't expecting to get there so soon....