Pre-market Chart

Good morning traders!

Inflation data came in better than expected. That caused a huge spike as you can see on the chart.

After that, we saw a 50% pullback and now a spike and channel structure which is trending higher. The bias is clearly up after this positive news for the market it could follow through the whole trading day.

I am looking for longs off the KEP and EMA and trying to find bigger channel structures.

Good trades to you!