We're going to reserve judgment for now and observe that the key levels on QQQ set-out yesterday have not been broken, nor has QQQ left them in the dust after what should have been a much more bullish CPI print. More inflation and Fed news to follow today and tomorrow, so stay tuned and be on the watch out for intraday reversals. QQQ 120 Minute - "Gap & Flat" Despite bullish CPI print QQQ is flat for the first hour of trading. It should have gapped higher and kept running, which is problematic for a bullish resolution of this news heavy week. We are still on look-out for break-downs.
