CPI Tomorrow Could Mean Dull Trading Today

July 11, 2023
Author: Peter Stolcers, Founder of OneOption

The reaction to this release has been muted the last few months.

PRE-OPEN MARKET COMMENTS TUESDAY – The SPY is trapped in a range between $430 and $444. We’ve seen two sided price action within that range on light volume and I expect that to continue. The longer term trend is up and as long as the Low+ trendline from the low last year is intact, I suggest trading from the long side.

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