Breakout continuation
S&P 500 had good reason to rally after CPI Wednesday, but didn‘t keep the gains. Thursday‘s PPI brought arguably less satisfactory macro data, yet stocks rallied strongly – S&P 500 offered a deep hourly pullback candle two hours after the breakoit vs. a much shallower pullback candle in Nasdaq.
S&P 500 had good reason to rally after CPI Wednesday, but didn‘t keep the gains. Thursday‘s PPI brought arguably less satisfactory macro data, yet stocks rallied strongly – S&P 500 offered a deep hourly pullback candle two hours after the breakoit vs. a much shallower pullback candle in Nasdaq.
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