Just as I laid out in the pre-market game plan and last night’s ES Maven, I expect the market to remain relatively sideways heading into Wednesday and Thursday, when CPI and PPI become the major catalysts of the week.
Right now, there simply isn’t a catalyst strong enough to force a meaningful move. We didn’t have one today, and we’re unlikely to have one tomorrow unless unexpected breaking news hits the tape. Until then, I expect the E-mini S&P to continue digesting this recent move with tight, sideways price action.
The key upside level I am carefully watching:
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