Indicators show futures want to sell off and hit oversold, but we could get a bounce on pre-CPI pump in the afternoon. I think this whipsaw is being caused by algo selling off while people are buying stocks hoping for a CPI pump.
I'm expecting a CPI pump but staying out because market action and indicators aren't doing what I had expected this week.
I'm expecting a CPI pump but staying out because market action and indicators aren't doing what I had expected this week.
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Sometimes the best I can do is tell you I dunno. Certainly couldn't have predicted the EOD weakness. Not sure if they do a premarket pump or not tomorrow.
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FOMC minutes released tomorrow as well.
PPI and unemployment Thu, retail sales Friday. Retail numbers are gonna suck, but that impacts small caps much more than NDX