$SPY - CPI will decide bullish or bearish for the rest of 2022!

We have partially rejected off the TOP TRENDLINE, BUT we have not confirmed the rejection.
why?
Because this can be a pullback for a move higher
OR it can be the move to break the 390 zone

Bullish case:
we retrace and show some clear bounces off of the 390 zone and/or we see a break to the upside above the top trendline

Bearish case:
This next weekly candle turns RED and we continue to confirm the rejection off the top trendline and confirm a candle closure below the $390 HIGH LIQUIDATION zone

News events
**- DEC 13TH - CPI DATA + CORE CPI DATA @7:30
- DEC 14TH - FOMC 1PM + INTREST RATE RELEASE 1PM + PRESS CONFRENCE 1:30PM
- DEC 15 - CORE RETAIL SALES 7:30 **
- DEC 16 - PMI DATA 7:30
ALL CENTRAL TIME ZONES

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