Market Shrugs Off Hotter-Than-Expected PPI

Mike Paulenoff By

ES-- Yep, FJB is correct, the hotter-than-expected PPI data so far has been received by ES with a big shoulder shrug, a big nothing burger... and we know what they say about a market that doesn't go down on "bad news" right? 

Then again, the day IS young yet. In fact, the day hasn't started, so let's see what develops. The key levels for ES from a granular intraday perspective are delineated on my attached Hourly Chart... 

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