Yesterday’s CPI print with FOMC minutes triggered a sell off into the market. Coming into today, the jobless claims news triggered a rally. Despite us selling off yesterday, bulls were able to regain back control as dips has been bought.
As this plays out, people who are short managed to get squeezed out fueling the market higher like today.
Is this a short covering or a resumption of short term uptrend? In my opinion tomorrow’s report will provide additional clues.
See 30 minute chart below.
Plan your trade and trade your plan.
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Futures Trading Levels
for 04-14-2023
Economic Reports, Source:
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