CPI drops tomorrow—SPY big move incoming
CPI drops tomorrow—big move incoming.
S&P 500 $SPDR S&P 500 ETF Trust(SPY)$ kept selling off, no higher low on BX. But we’re in the smart money zone, and I think there’s a strong chance we bounce to $570-$580 before another leg down.
If CPI comes in 🔥? All bets are off. $540 incoming—another 2% drop fast.
Weekly BX still making lower lows—timing a bottom here is risky.
Best move? Wait for a daily BX higher low before calling a reversal.
$S&P 500(.SPX)$ $E-mini S&P 500 - main 2503(ESmain)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $E-mini Nasdaq 100 - main 2503(NQmain)$
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