Yesterday Dow had the sharpest fall since the last February. The market is on the edge ahead of the inflation data. If CPI data beat the already high expectations, the odds of a short-term panic are not low. 33935 is today’s key support, below that Dow may extend down moves to 33000, important medium-term support. Below 33000 can become dangerous for the bulls.
A low inflation surprise, on the other hand, may cause a new surge with an over 35000 target.