Tuesday Updates and Daily Plan Post PPI (3/15/23)

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Good evening traders and I hope you had a good trading day today with lots of range to be caught.

The market stayed green with he S&P up almost 1.7% on news that consumer inflation has cooled, with expectations of a 6% increase coming in line with that number.

Don’t be fooled though, we have the other inflation metric tomorrow morning at 8:30 AM, the PPI. The PPI is the change in the price of goods and services sold by producers and excludes food and energy prices since those are usually volatile.

This gives us a great HIGH CONFIDENCE trading setup for the S&P 500 tomorrow: