S&P 500 Technical Breakdown

July 14, 2022
Author: Peter Stolcers, Founder of OneOption

An important trendline will be breached this morning. It paves the way for more selling.

PRE-OPEN MARKET COMMENTS THURSDAY (7/14/22) – The CPI came in hot at .7% yesterday and the market shrugged it off. This morning the PPI came in at a scorching 1.1%. The S&P 500 was already down 50 points so this news was not the catalyst for the drop. Overseas markets were soft and earnings season has started on a sour note. Click the link to watch today's video.

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