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HomeTrading FocusedTechnical OutlookS&P500 Technical Outlook For CPI Day on April 10

S&P500 Technical Outlook For CPI Day on April 10

S&P 500

S&P500 Trend Analysis – SPX (EoD) Chart

Tussle between bears and bulls resulted a narrow close after big sell off in first hour today.

SPX pull back in last hour shows strong resilience from bulls before big CPI day.

Dragonfly Doji candle formed on daily time frame which is positive sign for bulls.

– Hourly Trend is still down

– Swing high and lows are around 5260 and 5160 respectively.

Tomorrow we may see big move from support or resistance if CPI print is at least 0.30 points higher or lower from expected 3.4% numbers.

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