Dip Buyers Stop The Selloff

Today’s hot CPI numbers brought sellers at the open with a gap lower. Once a bottom was found, the dip buyers showed up and stopped the selloff and caused the Indices to spend the rest of the day in rotation. PPI numbers are out tomorrow morning. At some point, if the economic numbers do not improve, the dib buyers will get run over by major selling pressure. That will lead to a major correction in the Markets. However, until that occurs, the dip buyers are winning the trading game.

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