CPI came in line, as I shared before the release. The core CPI YoY was higher than expected. Overall, it was neutral to bearish data, but why did this crazy wick print?
Nect three dates to remember!
That’s what somebody would call a liquidity grab, but what I conclude is that it was a big-money trap to get their exit. They created exit liquidity with these green candles, provided FOMO, and comfortably got their exit above $79,500. The reason is that Friday is coming and then we have two days off. They know the market will be volatile, and with the upcoming inflation numbers, there can be something like a Black Monday. Why?
15 September
Clarity Act, with 82% odds of rejection.
16 September