Market Outlook 05/13/2021
Weekly charts taking a serious hit with this drop in markets.
CPI data on Wednesday provided the necessary firepower for breaking down the /ES support zone near 4100. /ES is back down to 10-wk MA with /NQ and /RTY below it but /ES is coming into some support at 4050 zone.
Overnight markets trying to stage a small bounce with first resistance at 4078-85 z…