S&P500 holding at Dec CPI VWAP with CPI/PPI next week; Very clear where it can go!

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S&P500 holding at Dec CPI VWAP with CPI/PPI next week; Very clear where it can go!

Price action

- As shared previously, key levels need to hold and we are still holding on to the first one (even though jobs data was hot on Friday)

- Coming week has CPI and PPI which can either keep the Q1 rate cut hopes alive or kill it!

- VWAPs CPI Nov and Dec still points to key levels at 464 and 455. 455 is significant as it has the MA50 coming up in confluence.

- Note also a break below current level would also mean a MA5 yellow crossing below green MA20

Positive CPI/PPI reaction

- A bounce off 464 and back upwards to re-test 470 and above

Negative CPI/PPI reaction

- Further pullback towards the 455 VWAP/MA50 confluence.

Bear case

- Still points to gap fill of Nov CPI breakout at about 440 down to 438

Good luck, all!

S&P500 Daily Chart - 6 Jan 2024

@macroB @TigerStars @Deposit @YTiong @CaptainTiger @melson

$SPDR S&P 500 ETF Trust(SPY)$

# 💰 Stocks to watch today?(22 Nov)

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Aqa
·01-08
TOP
Agree. Liked and shared.
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- Asphen:
  thank you
  01-08
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melson
·01-06
TOP
brace for big dive
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- AsphenReplying tomelson:
  Good point. but China just started QE too.
  01-06
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- melsonReplying toAsphen:
  us short china, china sells usd
  01-06
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- Asphen:
  wow... you have conviction for a major pull
  01-06
  Reply
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Bear case - Still points to gap fill of Nov CPI breakout at about 440 down to 438 Good luck, all! S&P500 Daily Chart - 6 Jan 2024 @macroB @TigerStars @Deposit @YTiong @CaptainTiger @melson $SPDR S&P 500 ETF Trust(SPY)$","highlighted":1,"essential":2,"paper":2,"likeSize":96,"commentSize":6,"repostSize":16,"favoriteSize":0,"link":"https://ttm.financial/post/260247303569656","repostId":0,"isVote":1,"tweetType":1,"viewCount":1538,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["SPY"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":694,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":260871468994760,"commentId":"260871468994760","gmtCreate":1704699686016,"gmtModify":1704699693321,"authorId":4091884160412060,"author":{"id":4091884160412060,"idStr":"4091884160412060","authorId":4091884160412060,"name":"Aqa","avatar":"https://community-static.tradeup.com/news/4a899a6e247bc68815d3a2da3b82a81a","vip":1,"currentWearingBadge":{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.03.31","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2007},"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":260247303569656,"objectIdStr":"260247303569656","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Agree. Liked and shared. ","text":"Agree. Liked and shared. ","html":"Agree. Liked and shared. ","likeSize":1,"commentSize":1,"subComments":[{"id":260871815618800,"commentId":"260871815618800","gmtCreate":1704699772194,"gmtModify":1704699779629,"authorId":3576339097425722,"author":{"id":3576339097425722,"idStr":"3576339097425722","authorId":3576339097425722,"name":"Asphen","avatar":"https://community-static.tradeup.com/news/55ff1b64b2787933c17d863ecae83f09","vip":1,"currentWearingBadge":{"badgeId":"1f541396f99840fb977d0ab0ce343c94-1","templateUuid":"1f541396f99840fb977d0ab0ce343c94","name":"Weekly Top Contributor","description":"Contributors with best Editor's Picks every 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dive","likeSize":1,"commentSize":3,"subComments":[{"id":260279690850376,"commentId":"260279690850376","gmtCreate":1704555309377,"gmtModify":1704555316559,"authorId":3576339097425722,"author":{"id":3576339097425722,"idStr":"3576339097425722","authorId":3576339097425722,"name":"Asphen","avatar":"https://community-static.tradeup.com/news/55ff1b64b2787933c17d863ecae83f09","vip":1,"currentWearingBadge":{"badgeId":"1f541396f99840fb977d0ab0ce343c94-1","templateUuid":"1f541396f99840fb977d0ab0ce343c94","name":"Weekly Top Contributor","description":"Contributors with best Editor's Picks every 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too."},{"id":260267868233896,"commentId":"260267868233896","gmtCreate":1704552499099,"gmtModify":1704552512049,"authorId":4123471905369072,"author":{"id":4123471905369072,"idStr":"4123471905369072","authorId":4123471905369072,"name":"melson","avatar":"https://community-static.tradeup.com/news/fe7079b4776e26217c92d8df6830df10","vip":1,"currentWearingBadge":{"badgeId":"1f541396f99840fb977d0ab0ce343c94-1","templateUuid":"1f541396f99840fb977d0ab0ce343c94","name":"Weekly Top Contributor","description":"Contributors with best Editor's Picks every 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usd"},{"id":260267207745584,"commentId":"260267207745584","gmtCreate":1704552271602,"gmtModify":1704552278643,"authorId":3576339097425722,"author":{"id":3576339097425722,"idStr":"3576339097425722","authorId":3576339097425722,"name":"Asphen","avatar":"https://community-static.tradeup.com/news/55ff1b64b2787933c17d863ecae83f09","vip":1,"currentWearingBadge":{"badgeId":"1f541396f99840fb977d0ab0ce343c94-1","templateUuid":"1f541396f99840fb977d0ab0ce343c94","name":"Weekly Top Contributor","description":"Contributors with best Editor's Picks every 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