CPI and FOMC minutes Tomorrow
CPI Tomorrow! The CPI will be critical to the inflation outlook for Fed policymakers.
Previous CPI reports have created velocity logic events in the stock indices at the CME.
Please read more details about velocity logic and price banding HERE.
The above reports will Bookend the FOMC minutes release @1pm CT on tomorrow.
My previous notes suggest to do the following if you are an index day trader:
Get out before the 730 AM CPI.
Wait for the smoke to clear.
Resume trading.
Look at market volume and behavior after 9:30 AM Central time to decide if and how to resume trading.
I usually stop trading and resume after 1 PM once FOMC minutes are out.
AGAIN…This is just my PERSONAL preferences…
Daily Levels for April 10th, 2024
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* This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.