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September 10—first of all, wishing all teachers a happy Teachers’ Day!
With the PPI release tonight and the CPI release tomorrow, everyone trading should use stop-losses. With the market being pushed up and swept back and forth over these two days, I estimate there may be major action—is it Apple’s 18 foldable phone or a rotten apple? We’ll see tonight.
The broader bearish structure remains intact; follow the trend and look for shorts at elevated levels.