CPI Breakout. Here’s Where the S&P Could Go Now
"Cautiously bullish" is where we stand now.
Our View
At this stage in the game, all I can say is I’m not surprised at all by yesterday's CPI RIP. As I said yesterday, the ES has been in a big back-and-fill pattern and every drop was being bought. This is the way it's been for the past 6 weeks and I still think the trend is up. The big question now is: How far can it go?
Well, it's a question asked…