December CPI Report is due out tomorrow morning before the market opens. Last December the market gapped up on what was considered a positive surprise in the November numbers, only to finish the day lower on the way to a 10% market decline in the next week. November CPI SPX Trend Model As of mid-day Wednesday SPX has retraced between 50% and 61.8% of the initial decline stemming off of last month's CPI reversal top. That it could breakdown into a third wave down with tomorrow's report would be purely coincidental...right? Looking for a breakdown below 3800 to trigger next major leg down.
