Sive Morten
Special Consultant to the FPA
- Messages
- 18,685
Good morning,
CPI and Fed meeting could give a "wild card" to the market and trigger upside short term action. Technical picture stands bearish and we're aiming on downside continuation. Bullish context now has low chances on success but low risk as well and huge reward if "wild card" will be given. Still we prefer to not take part in "doom&gloom" action and wait for downside breakout of 16.5-16.6K area:
CPI and Fed meeting could give a "wild card" to the market and trigger upside short term action. Technical picture stands bearish and we're aiming on downside continuation. Bullish context now has low chances on success but low risk as well and huge reward if "wild card" will be given. Still we prefer to not take part in "doom&gloom" action and wait for downside breakout of 16.5-16.6K area: