Morning Market Notes 02-13-25

Market Calendar

$SPX & $QQQ

After a massive day in the markets fueled by the extra-hot CPI print, we head into the PPI session with not nearly as much excitement.

We’re also seeing some mixed signals on the daily charts for ETFs tied to major indices. The big three—$SPY, $QQQ, and $DIA—managed to recover their 20-day SMAs, but momentum still favors a move lower.

We’ll be watching for confirmation of these mixed signals. A break above 6100 or below 6000 $SPX is what we all want to see to set the stage for more action heading into Friday.

Let’s have a sesh.

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