Weekend Wrap-up and Look Ahead
Todays CPI release was generally a non-event, which is good news since it allowed the trade plan to play out without any big directional fakes. As of writing this price came a little shy of my 4720 first target but likely clips next week. The general theme this week was one of core uptrend defense via the 50dma, and then major technical pattern breakout, which I will discuss below. Next week will be about follow through and holding it, but there are some warnings for bulls to take note of. Chart and Analysis below