Expectation originally forecasts a drop to 23K before formation of a right shoulder. May/June CPI data could deliver on this thus long trade at 23K remains viable.
Alternative - Further bullish upside on a low CPI / negative core CPI count could push price up to stretch target of 34k.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.