Massive acceleration in the US CPI inflation showed by data release yesterday was not enough to dent stock investors' moods. Indices extended gains as Fed members continued to assure markets that inflation pick-ups are transitory. US100 was the best performing major US index yesterday, gaining 1.2%. The move continues today on the futures market with US100 breaking above the 14,000 mark for the first time in history.
US100 reached fresh all-time highs yesterday and the upward move continues today. The index broke above 14,000 pts mark for the first time today. 127.2% exterior retracement of a recent correction at 14,350 pts is the near-term resistance to watch. Source: xStation5
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