Going Down

CPI data coming out.
Previous unemployment data showed more people working.
More people working = more spending = higher inflation = expect CPI to be higher.
Fed announced they are reducing tapering.
Expectation. Fed may increase rates soon after.

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(DISCLAIMER, this is for educational purposes. Trade at your own risk.)

(These posts are intended to keep Elliot Wave alive since everyone and their grandmother only does Supply/Demand nowadays.)