This CPI Reversal Could 15X Tomorrow Morning

By Joseph James of Sideways Markets

Head-Trader at SchoolOfTrade.com • Sep 12, 2023 at 10:12 PM EDT

E-mini and Nasdaq tumbled off weekly highs today, and now we’re sitting at support below the weekly range…

Here We Go – CPI Tomorrow!

Markets are bearish after today’s Bull Trap, but have you seen where we are on the 60minute?

Buyers are in the perfect spot for a reversal – the only question is… will we get the signal?

E-mini and Nasdaq tumbled off weekly highs today, and now we’re sitting at support below the weekly range…

This is the perfect spot for a bullish reversal, but we’ll need to wait for THIS SIGNAL before we commit!

E-Mini S&P (ES):

(Click on image to enlarge)

Emini is bearish with a strong move down, but we’re sitting at support below the weekly range, so it’s safe to assume buyers will be looking for a reversal back to range highs tomorrow.

E-Mini Nasdaq (NQ):

(Click on image to enlarge)

Nasdaq is bearish and just went all the way back to Monday’s low, where we expect buyers to be waiting for a reversal back up into the weekly range.

The only question at this point is – how will tomorrow’s CPI report affect this?

Video Length: 00:31:44

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