# Tonight’s CPI is coming—will the September rate hike pricing be rewritten?

Tonight’s CPI data is the focus of the market. Will the September rate-hike pricing change? For high-beta assets like SOXL, macro events act as a volatility amplifier.

On the order book, the 4-hour bullish structure is clear. The current price is only 5.4% below the high, but it has rebounded more than 53% from the low, and the medium-term trend remains intact. The 1-hour timeframe is moving back into a pullback, about 4% retracement from the high, with some short-term profit-taking.

In the top ten levels of the order book, buy orders are 902 and sell orders are 388. Buying pressure is 2.3 times the selling pressure. The funding rate is 0%, indicating neither side is heavily positioned and the market hasn’t fallen into FOMO yet.

Outlook: moderately bullish in the medium term, with a need for adjustment in the short term. Key resistance is 150, support is 135. If it breaks support, look to 130.

Trading ideas:

1. Pull back to 135 and go long once it stabilizes. Stop loss at 128. Target 145. If it breaks through, look for 150.

2. If it breaks out above 148 on strong volume, go long. Stop loss at 142. Target 152.

The biggest risk is an unexpected CPI surprise causing a sell-off if rate-hike expectations heat up. If the 1-hour pullback isn’t in place, don’t rush to catch the falling knife—focus on position sizing.

——This is only my personal opinion and does not constitute investment advice. Wishing you a smooth trade.——