Be Careful What You Wish For

I have to be out for a couple of hours this morning.  But, with S&P futures off 10 points, VIX up 10%, oil and gas down big again, and USDJPY continuing to break down, things are on track to reach our forecast price targets across the board.Yesterday’s PPI numbers got the ball rolling.  Today’s CPI should finish things off.

The only questions left to be answered are how bad CPI will be and whether or not ES and SPX’s H&S Patterns will play out.

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