Rabu, 13 Juli 2022

Inflation raging? Don't panic, watch volatility to see what could happen.

Plus key levels to watch.
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Get a dose of market sanity after this morning's shocking inflation numbers
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Update on inflation reportKey levels to watch out forMajor assets that will move and whyTop stock to trade & Weakest stock to fade right now How to interpret the long bond in light of the volatility … Top sectors to watch now. Click here to watch now!

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My pivot today is 3845 on the ES (S&P 500 futures).

With the CPI today and PPI tomorrow the table is full.

The market reaction after the reports is what's important.

Above 3845 after Europe closes would be very bullish.

Stay tuned.

Get today's Pre-Market Planner numbers here.

~ TBUZ

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With important CPI news out, it's best to keep eye on ranges.

Key numbers on ESU22 S&P futures include the month open at 3782, yesterday's high 3876 and low 3804.75, key number 3845, 3745, and 3904.

Currently the ATR is 82 points meaning we could hit 3945 or 3745 easily today.

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Kind words from our best students:

"I closed my DOCU puts for a gain of $5,400, about 33%."

Sue S., a premium subscriber to Tom Busby

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