Pre-market analysis
EXPECTATIONS 👀 Tuesday premarket analysis 🧐: CPI at 8:30 am. Tomorrow PPI at 8:30 am. Supply volume SPY 441.50-442, Bulls watch for a break out. Bears you are looking for 441.50/442 to reject, saw it once Friday end of day. Saw it 2X yesterday. IMO 438 is a key level assuming we get there. If 438 breaks down than 435, if 438 acts as support markets go right back to 441.50. * Also treasury auction on Wed/Thurs. If there is lack of demand, yields will increase to attract buyers. (Pulling money/liquidity out of the markets) FED FUNDS RATE CHANGES: Chance FED raises another 25 basis points in Dec is now at 15% up from 9% a day or two ago. My CPI prediction is 3.4-3.5, last month CPI 3.7, estimates for this months data is at 3.3. * Personal note; my wife needs me more than ever these days, so my time on webull will be limited, thanks 4 your understanding.
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