Breaking out slightly here above the blue line as the market comes to a close, the market is appearing bullish leading into CPI figures tomorrow, the general consensus on the street is that 4.1% is the likely outcome....I think if 4.1% is reported or lower, then this could push the $SPY above the yellow trend line tomorrow which has been a resistance line since November 2022.
Jeff Akrawin
2023-06-12 19:27:47 +0000 UTC