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Eyes on the CPI on Friday- 9Jun, 2022

Market Outlook – Mixed as CPI ahead on Friday with lots of traders talking about the CPI itself top ticking. This could all be a nothing burger if traders are indeed waiting for something else to occur – like real recession or news abroad. Here’s a combined look at the ES_F and the NQ_F

Levels I am watching are the breaks of 4162 or 4076 in the ES: and 12840 and 12408 in the NQ to see a break from the consolidation play. It will be GO time then. The summer will be atrocious trading in terms of finding trend

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