With a close above 3960 today, certainly possible to test/overshoot the 20 sma at 3990-4000 tomorrow. Closing below/above it will be key.
Agree on somewhat muted reaction to PPI in the past 3 months that has only caused 1-2% moves (9/14, 10/12 & 11/15) whereas the CPI has moved markets 2-4%.
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