Hey Market Pilot,
The U.S. Consumer Price Index (CPI) numbers came out well below expectation and caused the market to rally. This continued the short squeeze the market has been in for a couple of weeks.
I was looking for a slight dip to the 21-day moving average, but since that didn’t happen, what might we expect going forward?
I show three different charts which might provide a visual for what the S&P 500 (SPY) could do next.
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Your Profit Pilot, TG