A quick live recap of how the S&P 500 reacted after the US CPI report, the correction in clinical fashion to major support in a textbook ABC. With both crowd psychology, technical analysis reviewed with possible outcomes into the afternoon. The S&P and Apple would go on to hit all time highs by the close.
- Enjoy live commentary from Our Trading Room at youtube as the day wraps up – feel free to like and share
Largest Increase in US Consumer Inflation since June 1982 in November CPI +6.8% y/y
US CPI in November shows inflation remains persistently high as Central Bankers keep trying to reassure us that soaring inflation will come under control. Annual CPI was up +6.8% as expected with core CPI +4.9% as expected
Wake Up Call – The Day Ahead Dec 10 2021
A live recap of what happened while we slept overnight and what lies ahead. We go through charts on the S&P 500, WTI Oil and Natural gas. A little chop and rebalance of recent moves overnight flowing on from yesterday with ES and oil in slight corrective mode. Moves from Asian markets mostly lower. Evergrande back in the news and the markets primed for American inflation data.
Any questions please feel free to ask them below. Trade Smart!
Have a great trading day!
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This information is provided for educational purposes only and is not a direction to buy or sell the instruments discussed. It is imperative before trading you assess your individual risk, the market risk, taxation risk, your counterparties risk and your suitability to engage in any investment of trading financially, mentally or ethically or legally. This warning does not cover all possible risks and is for educational purposes only.
THE NFA in their disclosure statement discusses the characteristics and risks of standardized security futures contracts traded on regulated U.S. exchanges. At present, regulated exchanges are authorized to list futures contracts on individual equity securities registered under the Securities Exchange Act of 1934 (including common stock and certain exchange-traded funds and American Depositary Receipts), as well as narrow-based security indices. Futures on other
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