Thing to note: 👇🏼
#CPI usually inputs a minimum 1%+ move on $SPY $SPX whether that is to the upside or downside on $SPY $SPX $ES_F
#CPI usually inputs a minimum 1%+ move on $SPY $SPX whether that is to the upside or downside on $SPY $SPX $ES_F
The Consumer Price Index (CPI) in August (Sep 13) reflected an 8.3% increase over last year and a 0.1% increase over the prior month, the Bureau of Labor Statistics reported Tuesday. Expectations were 8.1%
Missed expectation $SPY FELL BIG!
Missed expectation $SPY FELL BIG!
8.5% CPI Data in July (August 10th Meeting) Economists surveyed by Dow Jones were expecting headline CPI to increase 8.7% on an annual basis and 0.2% monthly.
Beat Expectations and $SPY Ripped/Flagged then slowly went up rest of day.
Beat Expectations and $SPY Ripped/Flagged then slowly went up rest of day.
Seems to me in the past if beats expectations we get a rally and sustained slow grind up.
If we miss expectations we fall hard (1 time we fell hard and bounced back to fill gap $70 point move) then died into end of day.
$SPY $SPX #stocks #options #CPI #FOMC #futures #finance
If we miss expectations we fall hard (1 time we fell hard and bounced back to fill gap $70 point move) then died into end of day.
$SPY $SPX #stocks #options #CPI #FOMC #futures #finance
Data here brought us lower and then we had a strong reversal to the upside and we continued up from $3510 to $3705 in under 1 day of trading 📈 and inflation numbers came in lower.
https://twitter.com/bulltradefinder/status/1602301876610932736
Need to be cautious in every aspect while playing events.
Small size, take profits, raise stops on runners.
Wait for entry and exit, trade the chart, volume and news.
Small size, take profits, raise stops on runners.
Wait for entry and exit, trade the chart, volume and news.
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