All Time Highs Once Again
Added 2024-06-12 19:37:07 +0000 UTCAs forecasted last week, we anticipated soft CPI. One of the reason for soft numbers this morning is because of auto insurance coming back down, and this has been a large make up of recent hot numbers we've seen last several months. Market responded positively by taking $SPX above the 5400 level and closing above. $SPY hit our projections of 540+ and high of nearly 544.
Market is definitely hot here, and most likely need a pull back soon or consolidate for another move. We need to sit back and watch for a day or so to get a new setup and new levels.
Great day at TRT and a great week! Visit therocktradingco.com to learn more.
