Chart on Emini S&P 500 (ES): Battle For Directional Control

ES-- After the first hour of trading, and after 90 minutes from the release of the February CPI, ES has pushed up above its initial intraday high at 3940 toward a challenge of much more consequential resistance from 3971 to 3977, which if taken out and sustained, will open a price pathway to 4040-4050 (and will anticipate a pause from the Fed next week)... Prepare for a big battle for directional control... Last is 3962.25

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