Today's CPI data is heavy. The CPI is expected to be 3.4 and the previous value is 3.5.
If it meets expectations, the fluctuation is not very drastic. It may rebound to the 4h pressure level of 63218. If it exceeds 3.4 and reaches 3.5, it is bad news. Inflation is still stubborn. It is estimated that there will be a correction. This correction is expected to reach 60388-60588 at the lowest.
Then at 3 am, Bowman will speak at the Fed. This person is a hawk and will not cut interest rates directly.
It is expected that the market will pull back sharply between 2 am and 4 am, and then repair in the morning. It is expected to reach 58488-58688.
Of course, everything is still based on data. What we have to do is to arrange short orders between 63210-62688, the 4h pressure level, regardless of good news or bad news, and stop loss by ourselves, and get it between about 3:30 am and 4 am.
