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Hotter Core CPI

Please click here for an enlarged chart ofSPDR S&P 500 ETF Trust(NYSE:SPY) which represents the benchmark stock market index S&P 500 (SPX).

Note the following:

• The chart shows a slight pullback in the stock market after the release of CPI this morning.
• The chart shows that the stock market has made a double top in the resistance zone. In the short term, this is a negative pattern.
• The chart shows that the stock market is consolidating between the support zone and resistance...