Extension of consolidation phase, is SP500 ready for breakout?
S&P500 continues to trade in consolidation but ended off the week on the upper region of the range.
With the CPI number scheduled to be release next week, we expect price to push towards the upside as numbers are expected to come close to expectation, reflecting the impact of rising interest rate and lower CPI number.
With the CPI number scheduled to be release next week, we expect price to push towards the upside as numbers are expected to come close to expectation, reflecting the impact of rising interest rate and lower CPI number.
