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S&P 500 Can Tip to Accelerated Breakout or Double Top Depending on CPI

MongiIG

By MongiIG,
in Indices and Macro Events

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MongiIG

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This week’s top scheduled event risk – the US CPI – is finally upon us. There is serious pressure built into the market from the S&P 500’s errant gap higher to the EURUSD’s measured range from 1.1500 to 1.1400. Can this targeted event risk trigger a serious market move, and where is the potential most charged?

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