Filling the CPI gap ahead of Jackson Hole meeting
The overall market had a fast pullback after it touched its 200SMA last week. After a drop of 20 points, the market is currently oversold on the daily chart. Yesterday we filled the CPI gap from August 9th. See if we get a reversal candle ahead of the FED meeting on Thursday-Friday. $417 is an important resistance area below. In case the selling continues, $407-410 is an important macro support area. Watch the leaders for clues and the EUR/USD.
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