S&P 500 Eyes Uptrend Ahead of CPI Inflation Data Release

S&P 500 Technical Analysis:

The price is currently trading above the pivot line of 5453, with potential Uptrend targets of 5491 and 5526.
However, the price remains in a consolidation phase between 5453 and 5491 until a breakout occurs.
A sustained move above 5491 would likely support a rise towards 5526 and potentially 5573. Conversely, maintaining a position below 5453 would increase the likelihood of a move down to 5412.

Key Levels:

Pivot Point: 5460
Resistance Levels: 5490, 5526, 5573
Support Levels: 5436, 5412, 5460

Expected Trading Range: 5453 - 5526

Trend: Uptrend while above 5453