DACA Update

/ES Recap: SP500 future has printed another new record high at 2496.25 during cash session, but new data today has traders holding back. August inflation rises faster than expected and that could change views if the Fed will continue to be cautious and slow in raising interest rates.

ETH and RTH charts shows bullish imbalance (2497-99) so round number 2500 becomes a magnet on the radar.

/ES levels: 2497-2503 resistance, 2491.75-2485.25 support

Disclaimer: All information on this update is for educational purposes only and is not intended to provide financial advice.