CPI in line won't do the trick! Or will it?

#cpi #inflation #fed #jpow #rates #interestrates #stocks #dollar #us500 #spy

CPI at 6.5%. In line with expectations. Market remains rather neutral. Which means the news will probably not be a big enough kick to get us to the topside of major resistance on the charts. Unless/until JPOW & Co. actually pivot, either via language or actions, the market is likely to continue its current price action underneath our downtrend resistance.

Stew