CPI Data collapses US markets - Watch For Rally/Reversion higher
Cycle patterns indicated a GAP/TOP for Monday/Tuesday. Then, they indicate a potential reversion/rally for Tuesday/Wednesday.
After watching the deep selling related to the CPI numbers, I would not be surprised to see a very strong rally/recovery over the next 48 hours in the SPY and other US Indexes.
News-based reactive moves like this are often erased over the next 24 to 48 hours as traders realize the true capacity of the future economic trends.
Stay tuned.
After watching the deep selling related to the CPI numbers, I would not be surprised to see a very strong rally/recovery over the next 48 hours in the SPY and other US Indexes.
News-based reactive moves like this are often erased over the next 24 to 48 hours as traders realize the true capacity of the future economic trends.
Stay tuned.
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Disclaimer
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.