TheNews

The S&P 500 index attempts to retrace the decline from the start of the month even as the Federal Reserve shows a greater willingness to normalize monetary policy at a faster pace, but fresh data prints coming out of the US may drag on equity prices as the Consumer Price Index (CPI) is expected to increase for the seventh consecutive month.



The daily chart is located near and above Ichimoku cloud in the bullish area of the chart by the secondary correction to be started with 4,451 support level to be crossing to below for the daily bearish reversal to be started. Alternatively - the price will be ranging within the levels waiting for direction.

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