$S&P 500(.SPX)$ THIS TIME IS D

THIS TIME IS DIFFERENT

Most of you looking at the S&P500 downtrend line resistance and expecting the S&P 500 to crash back down after hitting the obvious trendline resistance.

However, fundamentally there is something different about this most recent rally - the CPI has peaked in July 2022 report at 9.1%. Since then, CPI has dropped to 7.7% in last month report.

Furthermore, technically resistance easily broken when a trend line tested 3~4 times, and this time the resistance seem weaken because it didn’t continue drop once it hit resistance.

Look likely waiting for some reason for the breakout, that will be CPI report that will be released on tonight before market open… if CPI figures tonight is below 7.3% expectation.

$Okta Inc.(OKTA)$ $Shopify(SHOP)$ $DexCom(DXCM)$

Modified in.2022-12-13

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Gloria112
2022-12-13
Gloria112
Waiting for the breakout. It's wise to join the trend early!
Hummingbirdx
2022-12-13
Hummingbirdx
CPI 7.1% [Happy]
Shan_shine
2022-12-13
Shan_shine
This time it is different!
InvisibleP
2022-12-14
InvisibleP
Ok
Tonnie
2022-12-13
Tonnie
Ok
Mrzorro
2022-12-13
Mrzorro
Ok

Leave a comment

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