CPI Arrives

The U.S. Consumer Price Index (CPI) report came out today, but landed on expectations so the market had a muted response.

Not a bad thing, but the market had already been up for a few days and was at resistance. I think we can go higher, but I would love to see a flag or pullback to help make that happen.

If price continues to grind up without a pullback, it will make it more unstable and quicker to roll over once it decides the upside is over.

Let’s review the action today:

Will the market continue higher or roll over without a pull back? The stock market continues to sort through economic reports that can influence price action. How do you trade this market with this uncertainty? Members of my Moxie Indicator™ Mastery Program learn how to combine fast-moving signals and track movement as the market flips and flops in the volatility. Join us as we track the profit opportunities!

Your Profit Pilot, TG

SUBSCRIBE

Move from reacting to predicting market flow. Join TG’s “Profit Pilot” E-Letter to get actionable insights from his chart analysis so that you can finally catch trends on time.

We will never sell your information to any third parties.

Get actionable market insights!

Join TG's Profit Pilot newsletter to get his chart analysis and market flow predictions, so you can finally catch trends on time.

We will never sell your information to any third parties.