E-Wave for the S&P 500 Index

[gdl]

SPX VIX at 19? complacency. 10 year note can't break above 4% still. US Dollar has a possible gap up once 106 is reached BUT that also can't seem to get there. Stalling in 105 range. Bitcoin is also holding up at major support.

Obviously a hot market in JOBS is still here just based on what was already shown. No surprises likely. Will Wages keep up pace with inflation? Big question mark. Will the CPI/PPI be in line with expectations? Once we have all the data leading up to the Fed Fund decision will we have a good idea if it is 50 or 25 basis points higher?

Tricky market and one that can still go either way and go there for a multi-month directional move. Any canaries in the coal mine seen?