12000 target very close, expecting the level to print today.
Whats next? - 11750 level sounds reasonable.
why? Everybody thinks the bottom is in, which is a great opportunity for fund managers to offload more assets to retail.
plus we still have high inflation, with CPI printing more than expected today. The higher reading on CPI was already indicated yesterday when Biden released a press message that he will speak on inflation today after the release of the numbers. The only reason why he would do that is that he knew yesterday that the numbers would be bad..
they are playing games with one.
Let's see how it plays out, I could be wrong.
Happy trading :)
Whats next? - 11750 level sounds reasonable.
why? Everybody thinks the bottom is in, which is a great opportunity for fund managers to offload more assets to retail.
plus we still have high inflation, with CPI printing more than expected today. The higher reading on CPI was already indicated yesterday when Biden released a press message that he will speak on inflation today after the release of the numbers. The only reason why he would do that is that he knew yesterday that the numbers would be bad..
they are playing games with one.
Let's see how it plays out, I could be wrong.
Happy trading :)
Comment:
Target reached, lets get the 11750 level !!