from my last post I noticed the turnaround at 390 and still think we on track to see 417 this week. i also noticed we might be in new trend(red lines)that we bounced off of at 390. that also makes 417 seem more possible.
I was during little cpi research of my own and against my bearish thoughts i do believe the inflation number will meet the goal somehow and rally the market.me being bearish i kinda hope i am wrong but time will tell.
Me personal i be looking for a break over 409 to confirm my 417 target. under 404 i aiming for 400 because gaps must be filled
Also this week is quad witching along with oil reserve inventory and powell speaks next week so im trading with extreme caution.
I was during little cpi research of my own and against my bearish thoughts i do believe the inflation number will meet the goal somehow and rally the market.me being bearish i kinda hope i am wrong but time will tell.
Me personal i be looking for a break over 409 to confirm my 417 target. under 404 i aiming for 400 because gaps must be filled
Also this week is quad witching along with oil reserve inventory and powell speaks next week so im trading with extreme caution.
