SPY NEEDS ACTION

Today was a boring day after the 400 touch seems like the rally maybe losing steam or is it taking a break? Tomorrow’s PPI will probably mean more than it has before since it is a leading indicator for CPI, PPI is a true measure of output that is not affected by consumer demand. Other than that it’s just a bunch of talking heads from the feds since next week they go into their blackout phase when they can not talk in public for 2 weeks. So in the meantime I’m looking at the raising wedge on spy and the falling wedge on DXY also bonds are consolidated, all signs are pointing towards a pullback. I’m sure people will realize that now is a good chance to take profit so be careful out there. Premarket tomorrow will tell us about the rest of the week, if there’s a sell expect the bulls to run in quick then sell off later if it runs up expect profit taking then a run up later.
As always trade what’s in front of you good luck