--
SPY hold tight on the life support level waiting for PCI
--Inflation peak yet?
--Depends on CPI report, lower than expecting # might see a bounce or another leg up
--Higher than expected, leg down for sure.
SPY hold tight on the life support level waiting for PCI--Inflation peak yet?
--Depends on CPI report, lower than expecting # might see a bounce or another leg up
--Higher than expected, leg down for sure.
Note
CPI: 10/13 at 8.2 down from 9/13 8.3still above 8.1 expected. I think market sell off because of higher than expected, but lower than previous month. hence, a bounce of the low
Expecting the FED to keep rate at .7 in Nov. 2
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.