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
Stew
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Prophesying the price action of markets one chart at a time.
Crypto predictions, targets, how-tos, and much, much more!
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stewdam.us
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