CPI this morning; in line with expectations; PPI tomorrow
Fed Chair Powell Speaks Tomorrow
$SPY closed with a daily inside bar
$QQQ broke over yesterday’s high - $SPY wasn’t able to break prior day high- bringing back the market a bit
$DXY continues on its rampage –impacting commodities negatively
Tech held up better than most -keeping the market propped up a bit.
$XLV daily HL the more likely scenario; at the daily 200MA; hourly RSI approaching oversold
Wednesday, November 13, 2024 | The Chart Guys — Trading, Community, Daily Live Streams | CPI this morning; in line with expectations; PPI tomorrowFed Chair Powell Speaks Tomorrow$SPY closed with a daily inside bar$QQQ broke over yesterday’s high - $SPY wasn’t able to break prior day high- bringing back the market a bit$DXY continues on its rampage –impacting commodities negativelyTech held up better than most -keeping the market propped up a bit.$XLV daily HL the more likely scenario; at the daily 200MA; hourly RSI approaching oversold
