S&P Overnight

S&P trading back to the where the CPI rally initiated. TD 9 sell setup on the 30minute which might give room for some pause in the very short-term. I'm thinking because we tagged trend factor to the tick and now trading back into yesterdays value area, the market is trying to hold.

Until then, I think we have to target the short-term upside target at 4440 in order to meet objectives. Because of how much turnover in positions there were today, its most likely going to be in a quick line up. Ie that 30 minute sell might not matter especially if China stocks start to move up.

I don't frequently do such short-term analysis, but we are at a crucial point.

I'm not trying to over-think this one. Either it goes or not.