{"id":20157,"date":"2024-09-11T12:34:13","date_gmt":"2024-09-11T20:34:13","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=20157"},"modified":"2024-09-11T12:34:13","modified_gmt":"2024-09-11T20:34:13","slug":"post-cpi-market-reversal-stock-indices-lead-the-charge-eyes-on-jobless-claims-and-ppi-tomorrow","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/post-cpi-market-reversal-stock-indices-lead-the-charge-eyes-on-jobless-claims-and-ppi-tomorrow\/","title":{"rendered":"Post-CPI Market Reversal: Stock Indices Lead the Charge, Eyes on Jobless Claims and PPI Tomorrow"},"content":{"rendered":"
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Interesting action to say the least following CPI this morning.<\/p>\n

Indices, energies and metals sold off and then made a V type reversal, mostly with stock indices, NASDAQ and SP leading the way – ES<\/a> and NQ<\/a>.<\/p>\n

See a 30 minute chart from today below.<\/p>\n

As far as tomorrow:<\/p>\n

US weekly jobless claims\u00a0will be released at 7:30 am CT Thursday morning, initial claims are expected at 225,000, down -2,000 from the prior week.<\/p>\n

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US August producer price indices (PPI)\u00a0will be released Thursday morning at 7:30 am CT, analysts expect final demand PPI +0.2% month over month, and expect the core PPI up +0.2% compared to the previous month.<\/p>\n

ECB Press conference at 7:45 AM Central time.<\/p>\n

Natural gas inventories at 9:30 Am central<\/p>\n

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Daily Levels for September 12, 2024<\/h3>\n
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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<\/a>. Any statement of facts\u00a0here in\u00a0contained are derived from sources believed to be\u00a0reliable,\u00a0but are not guaranteed as to\u00a0accuracy, 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\u00a0judgement\u00a0in trading.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Get Real Time updates and more by joining our Private Facebook Group! Subscribe to our\u00a0YouTube Channel Listen to our Market Recap Podcasts on Apple Podcasts       Interesting action to say the least following CPI this morning. Indices, energies and metals sold off and then made a V type reversal, mostly with stock indices, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-20157","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/20157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=20157"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/20157\/revisions"}],"predecessor-version":[{"id":20159,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/20157\/revisions\/20159"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=20157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=20157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=20157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}