CPI data day It is CPI day aga-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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Ultrahisham
2023-01-12

CPI data day

It is CPI day again when the FOMC gets to see if their medicine is working! As usual, everyone is waiting for the results as well hopefully hoping that the results are good enough to either taper or even stop the medicine.

Looking at the market behaviour over the pastfew sessions, it looks like some bullishness and optimism is back. Whether this is sustainable remains to be seen. However, technicals do indicate that market might be overbought so the CPI data must be super good on order for a wave 3 breakout to occur. As of now, the market looks in need of a pull back before that.

As such, I am expecting the market to retreat post CPI data if it is not as bullish as market wants it to be or even in line.

Thanks for reading!

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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BerniceCarter
·2023-01-12
Lower-than-expected CPI data is what we wanted.
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MichT
·2023-01-12
Tanks for sharings
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prestomanik
·2023-01-12
read fmoc as FOMO LOL
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Tonnie
·2023-01-12
Ok
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Tonnie
·2023-01-12
Ok
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SlyvesterNJW
·2023-01-12
👍
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Tonnie
·2023-01-12
Ok
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Jamesdh
·2023-01-12
Wow
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asr68
·2023-01-12
tx
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CCX888
·2023-01-12
good
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Jo99
·2023-01-12
Jn
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J288
·2023-01-12
👌😊let see!
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Blurking
·2023-01-12
Ok
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Mimi2021
·2023-01-12
Ok
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DericPiew
·2023-01-12
k
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- Zacccc:
  O
  2023-01-12
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Ayumi82
·2023-01-12
Ok
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laiho
·2023-01-12
o
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Smart603
·2023-01-12
K
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vlcs
·2023-01-12
Ok
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kokwkv
·2023-01-12
ok
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