Market is currently waiting for the CPI report, just to keep it in mind. I expect an A,B and C moves with C ending near 3850-3840. If we go the other way the market will see 4000 before being drawn back down again. I am staying very diligent on these plays and considering to take partials on the way down. We have a major head and shoulders forming on the 4hrly...
We will probably rip a few points higher before we see Wave C come into play. If we get there off these major key resistances 3920-50 should get faded to complete the previous wave. We are already overextended by bad catalysts and hawkish CPI numbers this week. There will be a few fed speakers next week and hopefully, Powell sends this shit back down as there are...
Broke above daily pivot point $328.65 after $DIA grabbing liquidity and pushing it back up to yesterday's local resistance near $331.5 into pre-market. The next order block has lots of sellers going into 2023.
NEWS:
The economy is hurting from the collapsing retail, freight delays and now the national rail strikes happening this December. Markets seem to be...
