Sideway movement for the last few days. Tech had a good bounce after being sold down. CPI readings on Friday might break this sideway movement. Breaking upwards or downwards, it's anyone's guess. But even if breaking upwards, the room for upside is limited. As such, the reward to bet on upwards movement is too low for the risk involved. My reasoning for limited room for upside is due to lower earning forecast. Strengthening of USD is hurting the profit of big companies that have a lot of overseas sales. Also, US consumer demand starts to taper off with retailers reporting increase in inventory and also drop in saving in US families. Consumer spending make up of 70% of the GDP. Good thing is consumer spending rise in Apr but can it keep up with the fall in savings and rising inflation? Hence, I see lower earnings for next few Q thus limiting room for upside.