Critical price levels: Where's The Market Going From Here?

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Critical price levels: Will stocks break down—or head higher? … Key levels for major sectors … What CPI data means for the bond market … Lagging and leading sectors … Plus, the best way to analyze current market action. Click here to watch now!

The market went down last night to test the week's low and made a low of 4454. I'm using a pivot number today of 4492 on the ES (S&P 500 futures). Because of the roller coaster of the last 48 hours I think patience is the key, and I think what we must do is see the outcome of the first hour, and whether the trend that was in place prior to the inflation at 7.5% news is over. That's why that pivot number will play an important role in our analysis today after the first hour. ~ TBUZ

It's all about levels. Down from here is short-term bearish. Up from here warrants short-term caution until it can break above these levels on the S&P 500 futures. Learn the exact plan moving forward today on Ask The Pros. Sign up here if you're not already registered.

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