On Tomorrow's CPI Report and How I Trade News
CPI release tomorrow at 8:30AM ET and as most know these can have large, unexpected effects on markets often introducing short-term volatility. This also applies for FOMC next Wednesday which will be a key catalyst for ES in combination with this CPI report. Note that none of my prior analysis changes, nor do the levels, so would reference the post sent out earlier today to see the all that. What does change is the potential for volatility around them
When it comes to news events, I don’t focus at all on the content of the news release (IE: Was it a beat? Was it a miss? How much? What is the media saying?) (continued below)