DislikedIt's a trap! --- I actually opened a short not long after the CPI release to test my hypothesis. Signals: Downward channel in progress since the May 9 high at 131.33. Price breaks below previous upward channel (from May 4) overnight. Price breaks below support at 129.80 overnight. Price briefly pauses at 130.40 resistance after CPI release and starts moving downward. Banks** already talking about the "recession trade" (see quote). The hardest part is watching the market?/algos?/brokers?/banks? move the price against you such that you REALLY REALLY...Ignored
i would expect to see 800+ points for the DOW as a rally to show some signs of recovery
don't believe in mumbo jumbo from gurus & charlatans, don't pay them money