Next CPI number will be important for
US100
, which has been rising like there will be no tomorrow. If we see a hot CPI number, we may see a strong drop towards 14500 area. If core cpi number shows a sign that the sticky part of the inflation is also cooling down, we may see some initial the first steps of the move towards ATH. Let's see if the market will respect the up trend or finally break it down.
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Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Comment:
Last chance for US100. 4h could be double bottom. If the FED's protection team doesn't show up this time, we may see some blood on the streets.
Comment:
After some shenanigans, the price didn't hold the trend and fell under the first fib retracement level. The next possible support area is 14539, which was previous resistance. Next week, we have Jackson Hole meeting. Let's see if uncle Powell will save the market or send it to the next support zone.