1. Yearly bar red, normally the next year going to make a new low 2. recession not going to benefit macy's Risk: It MAY pops to 21.75 level to reclaim the resistance if the market bounce recently Important CPI and unemployee data will be released before next thursday
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market sentiment is bullish after unemployee release(salary increase slowly), spx pops to 3900 and it is going to test 3900-4000 level in next week. Next thursday is cpi day, looks like cpi is under control. However, the Q1 earnings is coming, which is a big bearish earning season. Wait for short again