Not much to be adding to existing analysis — Monday’s range was much smaller than what was seen over the past 2 weeks. The markets are waiting for additional data to be released via the CPI and PPI on Tuesday and Wednesday. I update Fibonacci extensions in an attempt to fine tune possible completion points for the current rallies. Tomorrow pre-market @8:30 AM EST CPI data is released. Prior and after there are 4 Fed officials with speaking engagements.
November 13, 2023