Inflation! Did the smart money anticipate today’s CPI report and yesterday’s trading? Who knows, but as a candlestick investor all we have to do is analyze the fact that investor sentiment broke down through the sideways trading range of the past two weeks. The close below the T line yesterday in the indexes revealed the probabilities of a new market trend. Any long positions require even more compelling reasons to stay long today. Be predominately short.
June 10th Daily Market Comments
Inflation! Did the smart money anticipate today’s CPI report and yesterday’s trading? Who knows, but as a candlestick investor all we have to do is analyze the fact that investor sentiment broke down through the sideways trading range of the past two weeks. The close below the T line yesterday in the indexes revealed the probabilities of a new market trend. Any long positions require even more compelling reasons to stay long today. Be predominately short.