SPX Outlook

Currently the market is seen as bullish due to the coolest inflation data, however mainly the inflation drops to 8.5 percent in July as fuel prices dip. Having the inflation 8.5 will not confirm the bottom of the SPX . Its too early to jump as 8.5 is still too high.

I still think the price will test the level 4036 before it move sup to 4300 or moving down.

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