SPX | DOW | NDX — Where we stand heading into CPI.
A quick technical breakdown before the 8:30 AM print. 👇
📈 S&P 500 ($SPX)
• Current: 5,812
• Resistance: 5,850 (Feb highs) — break above = next leg up
• Support: 5,750 (50-day MA) — losing this = back to 5,650
• Breadth: 85% of components green yesterday — real risk-on
• VIX: 23.31, down from 34.89 Monday — fear fading fast
The setup: Bulls in control as long as we hold 5,750. CPI decides the next move.
📊 Dow Jones ($DOW)
• Current: 47,954
• Resistance: 48,200 (all-time high zone)
• Support: 47,500 (recent breakout level)
• Leaders:
$CAT 3.5% yesterday,
$GS 1.3%
• Laggards: Defensives rotating out?
The setup: Industrials and financials leading — classic recovery signal. Needs follow-through today.
💻 Nasdaq 100 ($NDX)
• Current: 22,749
• Resistance: 23,000 (psychological barrier)
• Support: 22,500 (20-day MA)
• Semis:
$LRCX 5.9% |
$AMD 5.3% |
$MU 5.1% |
$AVGO 4.6%
• Megacaps:
$NVDA 2.7% |
$GOOGL 2.6% |
$AAPL 0.9%
The setup: Semis dragging the entire tape higher. Breadth improving — not just AI anymore.
🧠 The Big Question:
We've had two days of broad-based strength. Oil cooling. VIX dropping. 85% green.
But CPI is the real test.
Hot print = reality check. Cool print = melt-up into month-end.
Where are you positioned?
👇 Drop your CPI take below.
#SPX #DowJones #Nasdaq #TechnicalAnalysis #CPI #Markets