Market Report for Jul 13 2022
The market reacted with some trepidation on Tuesday prior to todays CPI data with some last-hour selling. Both S&P and Nasdaq had the biggest range over the last 5 days.
The S&P is sitting just above a support level while Nasdaq has room until the support level after a failed half-hearted attempt to break the resistance a few days back.
We will look for trading opportunities from today but there might be a lack of them around at present based on where the market currently resides.
Let’s go trade!