On this short term hourly chart of the S&P500 we can see that the market reacted in a volatile way to the CPI number with a pronounced hammer candle. The pattern over the last few days looks to me like an ascending wedge which would indicate a potential move lower soon.
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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.