S&P 500 Eyes Uptrend Ahead of CPI Inflation Data Release
S&P 500 Technical Analysis:
The price is currently trading above the pivot line of 5453, with potential Uptrend targets of 5491 and 5526. However, the price remains in a consolidation phase between 5453 and 5491 until a breakout occurs. A sustained move above 5491 would likely support a rise towards 5526 and potentially 5573. Conversely, maintaining a position below 5453 would increase the likelihood of a move down to 5412.
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