.SPX: What's Going on Next?
Hello everyone! Today i want to share some technical analysis with you!
1.
Core PCE on deck tmrw at 8:30am: $Cboe Volatility Index(VIX)$
(1) by studying the trend of PCE--the key indicator FED uses to monitor inflation, I can't help but notice the tilting up the last half year.
(2) also, Jan. 2024 saw a sharp drop of this number, setting up a lower floor for the current one. 3%?
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2.
Gaps & Filling Gaps:
(1) a few large gaps, above and below the current level, pull the market with their power.
(2) the market spent three sessions trying to fill the monster gap left on Monday, but failed to do so.
(3) with the pending tariff fight, the lower gap may fill first
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