Core and Headline CPI (Dec 2023 figures)
U.S. Headline CPI
Prev: 3.1%
Exp: 3.2%
Rep: 3.4% 🚨 HIGHER THAN EXPECTED 🚨
U.S. Core CPI
Prev: 4.0%
Exp: 3.8%
Rep: 3.9% 🚨 HIGHER THAN EXPECTED - but still fell
from 4% to 3.9%✅
CORE CPI FALLS BELOW 4% FOR THE FIRST TIME SINCE MAY 2021
We have a long way to go before...
With Intermediate wave 1 likely in the books, I have projected the top for Intermediate wave 2. It won't be as high as originally thought. Minor wave A could end tomorrow or Friday and wave B could end Friday or Monday. The end looks like maybe Tuesday based on historical data.
Intermediate wave 1 ended about an hour late today but the market roared after the...
I have been waiting over a month for the reversal to finally complete. We are clearly on the path, but still need a few more things to occur to confirm that we are still in Primary wave B, but that it is near completion. IF we are still in Primary B (blue letters), we are likely in Intermediate wave C (purple letters) and Minor wave 3 (yellow numbers) was possibly...
Testing for perceived location:
SubMillennial wave: 1
Grand SuperCycle wave: 5
SuperCycle wave: 2
Cycle wave: B
Primary wave: B
Intermediate wave: B
Location ID: 152BBB
This is an update on the progress of Primary wave B. My last analysis ( ) projected Intermediate wave A (inside of Primary wave B) to bottom on December 22 which appears to be the case...
Full analysis to follow with specific near-term levels. Prior Intermediate 5 did not move as expected so that likely puts us inside of Primary wave B heading down. Early estimates have us in
Primary B
Intermediate A
Minor 3
Minute 2
This means wave 3 of 3 is next with the inflation report tomorrow morning. Early signs per this would have November inflation...
We believe we have finished Intermediate wave 3 after an extended Minor 5 and are somewhere into Intermediate wave 4 which should bottom soon. The full wave identity is 152BA4. Based on waves ending in 2BA4. Intermediate 4 will likely last no more than 3 trading days which would end tomorrow. The quartile movement retracements are at 20.04%, 26.20%, and 32.36%. We...
