Indices could go greenSeen it before... classic bear trap. Today's CPI report sucked, no way it was priced in. Even the VIX is down so not enough fear yet. A great trader's day but for longs, be careful going all in.
The FED does not have this market under control yet. I believe we have some more downside ahead. S&P still above the pre-pandemic highs and I believe that needs to be wiped out before we bottom. 3300 on the S&P would do that and 3000 would be a nice close on the gap up.