The overall market gave signs that it could break the recent bull flag formation to the upside after Thursday's candle. However, several factors such as Musk's comments, the stronger than expected jobs report and hints at a possible 
AAPL miss for the current quarter pushed equities lower on Friday. Despite the overall weakness on Friday, the 
SPY is still within the recent bull flag formation as it held above $407. Next week, this level will be an important tug-of-war area between the active bulls and bears. A break and close below this area will most likely lead us below $400 quickly. The CPI numbers next Friday will be an important catalysts. Does the inflation show signs of peaking?
AAPL miss for the current quarter pushed equities lower on Friday. Despite the overall weakness on Friday, the SPY is still within the recent bull flag formation as it held above $407. Next week, this level will be an important tug-of-war area between the active bulls and bears. A break and close below this area will most likely lead us below $400 quickly. The CPI numbers next Friday will be an important catalysts. Does the inflation show signs of peaking?
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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.
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.