Circuit breaker level - Lets see. We are waiting for FED officials which is mostly not that interesting , but now they can wipe the market with few words - the opposite also works. Do not forget : Control the inflation means the FED wanna see huge lay-offs. _____________________________________________________________________________________ Longer view If...
U.S. stock markets opened sharply lower on Thursday after a new 40-year record high for U.S. inflation stoked fears that the Federal Reserve will have to raise interest rates repeatedly this year. Earlier, official statistics showed the consumer price index rose 0.6% on the month and 7.5% on the year, its highest since 1982. The rise in prices was broad-based,...
Seems like we will have a turbulent Monday with IG trading already at -3.09% as I am writing this post. This might be a very short trading day. If nothing changes in the next 8 hours expect futures to be halted immediately after open at circuit level 1. Scenario A: We hit circuit breaker 1 and then continue downwards breaking the lower channel line. If this...