After an uneventful core Consumer Price Index (CPI) report on Thursday morning, the market continued its indecisive chop. With new headlines daily, the market and even the world doesn’t necessarily know what to do or think.
These are the periods of time when the market might chop between ranges, so it’s even more important for traders to focus on the technicals and fundamentals that keep us successful in all environments.
We’re still focusing on the same zone on the S&P 500 (/ES) from $4,212 to $4,260. On Thursday, the market was still stuck in this range that is our “line in the sand.”
In the video above, we’ll cover a few scenarios that are possible for the rest of the week and review setups on AMZN, SHOP, and GOOGL.
Stay Focused!