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RuckSack

CPi Causing Problems Again

Short
S&P 500 Index (OANDA:SPX500USD)  
RuckSack Updated   
OANDA:SPX500USD   S&P 500 Index
Trend Analysis Chart Patterns SPDR S&P 500 ETF (SPY) SPX (S&P 500 Index) spy500
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5
trendanalysis chartpattern spy spx spy500
After yesterdays CPI data release a lot of pairs saw elevated moves that have taken them away from price action levels, making it incredibly difficult to trade.

Watching SPY here to see how this small consolidation range breaks, and possibly taking it lower if we get a nice move.
Comment:
Range still holding. Looking for a break in the London session. 4060 being upside target and 3880 on the low side.
Trade active:
Opened an options straddle on the range @ 3940 Exp 15 Sep.
Trade closed: target reached:
Optioned exercised for a successful trade.
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