VIX - Quite worry on this VIX double bottom here cause it will rebound higher if CPI is bad. Coming CPI forecast at 7.3% might be little too over confident as previous is only 7.7%. If is below 7.3% definitely a Christmas rally will spark off. Let's pray for this.
How about the audience thoughts? Free to comment & share.
Why is CPI on the 13th a red day, everything is always prepared by the FED.
FFCloud
⋅
@hotSeagull36978 vix chart showed double bottom pattern there, so it might anticipate a red cpi data ahead. Feds prepare the forecast only. No one will know what will be the actual data is being released on that day itself. We also noticed that the majority of tech sectors hit resistance earlier and started to fall. Well, let's hope it is not that way. Else, the tech sector would continue to struggle.
hotSeagull36978
⋅
@FFCloud, I mean 13 is a bad number for American culture, and cpi days on 13 are always red days, quite spiritual.
FFCloud
⋅
@hotSeagull36978 That is an unfortunate date. If it is deemed to be curse, then there will be no hope for a christmas rally. We should be conservative on trading as well.