SPDR S&P 500 (SPY)

[imiloa]

ppi data is bullish.
doesn't need to be major improvement.
talking headed focusing on the "better than expected" facet,
assuaging inflation concerns,
counter-balancing yesterday's morning gut punch.

SPY rallied immediately in pre
from ES overnight gap down
to now small gap up level.

could be another face-ripping rally today.
maybe they go for new all-time-high (>480)?
because they can...

to be clear,
i def agree the inflamed middle-east
should be an anchor around SPY's neck,
but when's the last time reality has mattered
in these bot-manip'd markets?

time will tell.
we just need to trade the chart as it comes.
and be nimble for rug pulls.