SPY breaks key resistance with momentum

After the cpi report SPY went from selling off dramatically in the morning to turning around rallying with strong momentum and volume.

• CPI report brought a lot of volatility to the market today
  
• SPY started selling then turned around quickly to break resistance
  
• We note the increasing volume as the rally continues
  
• The final period did end with rather undecided candle giving a sense of pause to direction it may go tomorrow
  
• The strong volume on final period does indicate price exhaustion, we may experience pull back tomorrow.
  

Multiple down beaten stocks from previous sell off trend are now experiencing a massive rally breaking their trend and reversing to the upside.