CPI numbers were red hot this morning, and the market is down big.
It brings us right to the level 3775 that the market needs to hold. I think it could be a wide swinging outside day today, with a potential large red day if we can move below, and hold below 3775.
If we can't hold below 3775, I would expect the shorts to start to get squeezed out.
It brings us right to the level 3775 that the market needs to hold. I think it could be a wide swinging outside day today, with a potential large red day if we can move below, and hold below 3775.
If we can't hold below 3775, I would expect the shorts to start to get squeezed out.
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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.