Buyers have giving us a historic run for over 180 points since last week Tuesday’s 5506 failed breakdown, with real 0 dips. CPI at 830, size way down now, expect irrelevant noise and traps for the 1st 30mins or so. Anything can happen. As of now: 5670-72 is support. Buyers must hold (or recover quickly if not) to keep 5690, 5696, 5710+ in play. 5670 fails, sellers dip us to 5660, 5642
Note
CPI reaction in the books and trapping any breakout traders, but excellent for all level to level traders. I gave 3 targets this morning with 5710 being the last. We hit 5708 (since happened earlier than expected) and dipped. The rest of today might be a mess, so size down, don't overtrade. We are back where we started before CPI. 5681, 5670-72 are supports. Buyers must hold to keep upside trgts in play. Dip if 5670 fails 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.