Any clue for the spike on MES?

[Warren]

So, this morning(2024-05-14 07:30:00). There is a big spike on MES. Almost 30 points in range.

I checked the news, without finding any big events happening.

Any clue, why is this?

 

[p0box4]

So, this morning(2024-05-14 07:30:00). There is a big spike on MES. Almost 30 points in range.

I checked the news, without finding any big events happening.

Any clue, why is this?View attachment 340352

PPI numbers.

 

[CannonTrading_Ilan]

Feel free to sign up for our free blog. We let clients and prospects know major reports and trading levels for the next day:

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[wxytrader]

So, this morning(2024-05-14 07:30:00). There is a big spike on MES. Almost 30 points in range.

I checked the news, without finding any big events happening.

Any clue, why is this?View attachment 340352

Looking at the daily I see no spike...on the 1m chart this stuff happens all the time.

 

[Laissez Faire]

No big events happening?

PPI/CPI is probably the most important numbers lately.

 

[schizo]

No big events happening?

PPI/CPI is probably the most important numbers lately.

Oh, c'mon, give the guy a break. Just a few years ago, you too were a fresh green noob.

 

[schizo]

So, this morning(2024-05-14 07:30:00). There is a big spike on MES. Almost 30 points in range.

I checked the news, without finding any big events happening.

Any clue, why is this?View attachment 340352

The spike down ain't as important as the subsequent rally that made the selloff almost meaningless. In another word, the market is brushing off all bad news.

 

[Laissez Faire]

Oh, c'mon, give the guy a break. Just a few years ago, you too were a fresh green noob.

I still am.

A few years ago during prime time of the Fed Juice, news generally didn't matter, though.

 

[Bad_Badness]

One should automate notification of these type of news events.

 

[SimpleMeLike]

So, this morning(2024-05-14 07:30:00). There is a big spike on MES. Almost 30 points in range.

I checked the news, without finding any big events happening.

Any clue, why is this?View attachment 340352

Good Evening Warren,

My grandfather use to tell me shut up when I ask ask him questions that start with the word "why".

He would always say after I ask him "why" question....... "No sense in asking why boy, just do what I tell you to do boy and shut your ass up. You will die still asking why. Who cares about why."

Just put food on the table, do not worry about how the food got on the table.