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CPI data looks important as a catalyst given technical resistance

SPX and QQQ have both stalled out, yet no proof is yet evidence that price is turning down.  It’s thought that Tuesday’s CPI report could be a key catalyst which either results in yields rolling over (which should be bullish for US Stocks) vs. yields rallying sharply (which would result in US stocks pulling back this week)

I have discussed some of the reasons why it’s possible and even likely that this week brings consolidation.  ...

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