CPI numbers can break ES 4550

Cautious optimism

Jul 11, 2023

CPI data will get released tomorrow.

Our modelling is showing ES could break to 4525-4550 on a good print.

Be cautious. Take a break if you have to. The market is hovering right now around at ES 4450. 100 point move is definitely possible, if not tomorrow, then by end of the week.

Thank you for reading Algo World News. This post is public so feel free to share it.