$SPY Short term bullish CPI DATA
CPI data comes out NOV 10th Which is inflation data to give us a measure of how these rate hikes have been doing and how the dollar has been doing. **Inflation expectations are 8.0%** anything Above this will be horrible for the market.
Things to watch before the news:
Bullish scenario
- Break above $379.00 we can easily see $390.00
- Above $390.00 zone we can see $400.00
- Gotta play these zone breaks accordingly
Bearish scenario
- we go and retest that 379 zone and Reject to come LOWER
- We break 379 and retest that good old 390 zone
- We open red and continue straight down from here (panic selling from investors due to CPI data fear)
Things to watch before the news:
Bullish scenario
- Break above $379.00 we can easily see $390.00
- Above $390.00 zone we can see $400.00
- Gotta play these zone breaks accordingly
Bearish scenario
- we go and retest that 379 zone and Reject to come LOWER
- We break 379 and retest that good old 390 zone
- We open red and continue straight down from here (panic selling from investors due to CPI data fear)
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