S&P 500 Loses Weekly Uptrend Before CPI, PPI and Earnings
The S&P 500 closed at 7,376.86, down 2.68%, leaving Ivan Labrie bearish below 7,483.79 even as soft CPI data could squeeze shorts before Friday's PPI report.
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The S&P 500 closed at 7,376.86, down 2.68%, leaving Ivan Labrie bearish below 7,483.79 even as soft CPI data could squeeze shorts before Friday's PPI report.
SPY closed at 735.29 with its larger trend bearish. CPI and PPI loom while 742.20–745 confirms upside, and a break below 725 coul…