Looking back at April CPI, today is doing exactly what it did April 9th before the CPI. The exact same pattern.
Friday, a sell off day
Monday, all day of rise
Tuesday, a sell off followed by a rally back up
CPI, a slow pullback into the previous day's highs, followed by a dump taking out Monday's low
Friday, a sell off day
Monday, all day of rise
Tuesday, a sell off followed by a rally back up
CPI, a slow pullback into the previous day's highs, followed by a dump taking out Monday's low
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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.