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Wow, what a day. Thursday had insane price action with a huge gap down after the Consumer Price Index (CPI) reported, a stop at a major zone, and a monster reversal up. It’s all about economic data this week, … Read more
There are major economic reports being released this week. On Wednesday we have the Producer Price Index (PPI) at 8:30 a.m. Eastern following the Federal Open Market Committee (FOMC) minutes at 2:00 p.m. Eastern. To end the week, we have … Read more
The S&P 500 (SPX) short squeezed into Thursday. SPX never reached above the 21 exponential moving average (EMA) and continues to show a daily Big 3 sell signal. With no true confirmation for an entry, the best thing we did … Read more
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