🚨 THE S&P JUST TOOK A HOT CPI AND A 7% NVIDIA DROP, AND BARELY FLINCHED Down only about 0.7% on the day. It bounced out of my 7,408–7,233 zone last week, and now it's sitting right under major resistance at 7,585–7,653. That's the .786 fib, the 21-week EMA, the 20-week SMA and the daily 100 EMA. Durably break it and a new all-time high is likely next. Hold 7,408–7,233 on the closes and the higher low stays intact. Lose it and 7,000–6,900 is where I'd expect the bigger reaction. $SPY $QQQ
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