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S&P500 Taking A Breather Pricing In Inflation And Tapering

Long
S&P 500 E-mini Futures (CME_MINI:ES1!)  
TradingPit  
CME_MINI:ES1!   S&P 500 E-mini Futures
Trend Analysis Technical Indicators Fundamental Analysis S&P 500 (SPX500) CPI inflation esmini bookmap orderbook level2
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trendanalysis indicator fundamental spx500 cpi inflation esmini bookmap orderbook level2

snapshot


The higher US CPI read of 6.2 % YoY lead to a spike in US10Y and a small sell off in the ES. As of now the uptrend remains intact and as long as we do not get a close below 4300 I am looking for long entries.
Buy at or around 4552 if support holds or buy break and close above 4713 resistance.



Looking at the order book we can see a lot more sell orders between 4662 up to 4675 vs much less buying orders below 4659 down towards 4612.



ES1!
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