As I was very vocal on Substack and Twitter about the potential rally post Powell to then the CPI dump. So far form what we can say is that Powell has spoken and rally has came. Not only this we are nearing my 3980 swing high level to selloff for CPI. With this said I expect a continuation into POC 3960-3970 to see if sellers begin to step in. Not wanting prices to go higher above 3980 as we look to deploy shorts 3977-3983. Now with this said I expect a rally in stocks to get short into which all stocks should be lined up with ES levels.
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