$SPY *BREAKOUT* above the downtrend

SPY *BREAKOUT* above the downtrend

WOWZA, but bigger move than I expected. We saw a breakout above the downtrend off of ATH’s (initial rejection then drop to the 35EMA and then bounce to breakout)

So the CPI/PPI move was drop to the 50DMA and bounce. Wild stuff, y’all. Inflation data days never cease to amaze me.

Let's see if we get a follow through to close the week...