Trends showing lower highs; forming a funnel down?

So we are hitting a 2hr uptrend right here at 4114. This is going to be a lower high 2hr uptrend. We have already had a lower high 30m and 1hr uptrend signal also. Having cashed out on my last trade, I might look at anything around the 2hr uptrend if it closes up here and causes that signal, as a short position.

However, I am also aware that tomorrow is CPI data. So I may just sit out until that data shows some direciton in the market. There is some discussion that CPI inflation data is going to come in higher with headline Month over Month data, and that even Core Month over Month will be flat. The market may not respond well to that information if that happens.

All in all, the trends into today are;
Last Macro Trend Signal Spots
30m - 4143 Uptrend (2/10/2023) Lower High
1Hr - 4100 Uptrend (2/10/2023) Lower High
2Hr - 4105 Downtrend (2/9/2023) Lower Low
3Hr - 4092 Downtrend (2/9/2023) Higher Low
4Hr - 4093 Downtrend (2/9/2023) Higher Low
6Hr - 4064 Downtrend (2/10/2023) Higher Low
12Hr - 3993 Uptrend (1/11/2023) Lower High
Daily - 4084 Uptrend (1/27/2023) Higher High
Weekly - 4366 Downtrend (2/14/2022) Higher Low

Earnings;
Lots of earnings this week as it is still earnings season, but nothing major in terms of today.

Economic Data;
Not much for today; CPI data is tomorrow morning (EST).

My sentiment into today;
Shorter Term - Neutral/Bearish
Short Term - Neutral
Medium Term - Neutral/Bearish
Long Term - Neutral

Safe trading, and remember your risk management plan.

Comment:

I certainly thought we would be a more flat day overall. I've taken no position and don't know that I will going into the CPI data.

Comment:

I just went short at 4162. I will explain why in my next video as we go into CPI data. Going to wait until after before I do any further analysis and a video.