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Looks like the market cannot decide which one to go, in which case, just always guess up.
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In the past couple months, July CPI day, market opened higher and closed lower by the end of day. In June CPI day opened lower and closed higher. Let's see how we close today. Let's see if Smart money buys at this high rate.
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EARLIER THIS MORNING:
The consumer price index rose 3.2% from a year ago in July, slightly below expectations. The core CPI ran at a 12-month rate of 4.7%, also below the estimate. Both measures were up 0.2% on the month.
Almost all of the monthly inflation increase came from shelter costs, which rose 0.4% and were up 7.7% from a year ago.
Real wages adjusted for inflation increased 0.3% on the month and were up 1.1% from a year ago. https://www.cnbc.com/2023/08/10/cpi-inf ... 2023-.html
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
This is new, I thought it'd be a strong uptrend day today. No, it's not. Now testing the day low, let's see any rebound here to make a range day. My guess is the gap might be filled today.
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So far so good for bulls, see a positive $BPSPX, really need to see a positive reversal bar (closed higher than open) to earn a green ring. lets see how the closed for today? Peace!
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My comments are for entertainment/educational purpose only. NOT a trade advice.
Possible higher low so the low might be in for today.
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