@Asphen：
Unimpressive CPI fails to bring SPY across 412! Await PPI tonight to define direction! - Less than impressive CPI print fails to knock SPY above the key 412 (mid range) - Did not hold above MA5 too but held again at 407 (range box) - Looking to PPI tonight for direction, either below 407 or above 412. If it does break 412, then 416 would not be an issue - Very important note ==> MA5 is inverse basing!! But MA20 is still far away, so crossing below would take time. A good PPI print can still move MA5 back up. My watches - Can PPI break 412? or will it break below 407? - MA5 direction and whether price action can get above it tonight - Until then, I am neutral to cautious bullish. Not bearish yet. @TigerStars @CaptainTiger @melson @LMSunshine @Deposit $SPY(SPY)$
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.
Like
Report
Login to post
No comments yet