All eyes on CPI data tomorrow

Innervoice

Innervoice

The CPI number comes out tomorrow, this could be the next leg down in the market. We shall see. Careful with overnight positions.
 
Innervoice said:
The CPI number comes out tomorrow, this could be the next leg down in the market. We shall see. Careful with overnight positions.
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It's odd that month-old data, which has little to not predictive value for the future, can move the markets so much. Current oil prices will tell you more, since energy prices affect practically everything else.
 
MKTrader said:
It's odd that month-old data, which has little to not predictive value for the future, can move the markets so much. Current oil prices will tell you more, since energy prices affect practically everything else.
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I used to hate the Federal Reserve out of principle but now I love them.

Same thing for these stupid made up numbers
 
Descending triangle breakout. The crowd loses hope as each rally makes a lower high, when the lower boundary is breached, its an all out stamped to exit.

upload_2022-6-9_13-19-43.png
 
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ZBZB said:
do you trade off that chart? Is it useful if there is an intraday reversal?
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Not really a leading indicator. Use it only for confirmation. Same for A/D line.

Also watch both for NYSEComposite, NDX100, NDXComposite and R2K.

Plus $TICK for program buying/selling.
 
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