Hello Everyone,
Following yesterday's consolidation day (typical ahead of big news event), the market exploded to the upside on the weaker than expected CPI as rates fell sharply along with the US Dollar. We now have 4 major gaps below - seeing some early signs of momentum waning in a few big cap techs BUT no reversal keeps the trend intact. As I've been saying, bulls wanted to see the rally broaden out and today the market obliged.
ES support 4507 and 4485 with resistance 4527/36 and 4545
Please take a moment to look at the trade ideas.
