Wary of CPI
|VIX hanging man foretold the S&P 500 upswing – the same pattern brought up in S&P 500 context the preceding weekend for clients‘ benefit. S&P 500 risk-on rally reaching for my premium first low 5,460s, then the 5,480 daily „point of control“ - bullish if prices can remain above it. Today‘s premarket showing, and most of all abilityof tech to outweigh poor AAPL and GOOGL showing yesterday, forms a daily basis of general outlook in equities announced to clients already.
Let‘s consider these two charts as far as CPI positioning for tomorrow goes (plenty of Telegram and Twitter coverage follows as usual).
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