With unemployment claims due tomorrow, I am tempted to say we will enter a bear market but Im just a technical trader. Hopefully market structure is better in the last two days of the week.
With the market ranging between 20500 and 20250, its hard to pick a direction but according to what the market is printing, I have a target of 20250 with stop loss at entry right above the large quarter.
With CPI news we saw the market accelerate towards the downside. Its unwillingness to break the midpoint tells a different story. Is this the low of the retracement? Where do we go from here? Im currently anticipating buys but will stay cautious and wait for all confirmations
