PPI has Market Up, But into Resistance

August 13, 2024/Comments Off on PPI has Market Up, But into Resistance

A cooler PPI was issued today, and the market seems happy with it due to the gap up; however, CPI is tomorrow. I have a feeling that no matter which way it comes out, the market will use it as a catalyst. This is because the move from last Monday’s low is still just a bounce in a downtrend. I am looking for when the bounce reverses.

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