Here she comes. The big bad triple witch of the Qtr. Tomorrow morning there will be an enormous amount of notional value settling as Futures and AM options find their final settlement values. Mind your risk and get through this so we can get back to some more normal or average price action next week.
Definable charts patterns, and price support and resistance, are my most important tools to trade with, day by day.
In this video, we review today’s market action after the “hot” CPI numbers that came out premarket. We got an initial flush and then a bounce which ultimately ended up giving us chop all day long. We still have PPI tomorrow so we could go either way and then we have the FED meeting next week so that is what we are all waiting on for clarity.
Today we got both US and Japan’s CPI as well as UK’s GDP. None of which were enough to reprice the market. What next and what will it take for price to move out of this range? Let’s look at that tonight.
