Stock Market Turned Cold After A Hot CPI

After the latest CPI reached a 40 years high, the S&P 500 sold off 3.67% in 2 days. Now the market is pricing in more rate hikes and quicker pace the FED will likely hike the interest rate to slow down inflation. In this S&P 500 technical analysis, we will analyze the S&P 500, review the stock market sentiments and its internals to determine where the sp500 is heading.