CPI Report to Drive Market Volatility with Bullish Potential

Sep 11, 2024

U.S. Futures Poised for Volatility as CPI Report Looms, Focus on Bullish Trend

U.S. futures remain stable as markets await the much-anticipated CPI report, with the outcome expected to have a significant impact on market movements. Current projections suggest the CPI will come in around 2.5%, indicating a weakening USD, which could drive indices into a strong bullish trend. However, if the CPI exceeds 2.7% or 2.8%, market movements could become unpredictable, with a potential downward shift.

The price has retested its support level, as previously noted. For today, volatility is expected, with a greater focus on an uptrend, assuming the CPI result aligns with the 2.5% forecast. Stability above 40,470 will likely support a rise towards 40,790 and 41,030, with further potential depending on the CPI data. In the bearish scenario, if the CPI exceeds 2.8%, a downtrend toward the levels identified in the chart could materialize.

Key Levels:

Pivot Point: 40650
Resistance Levels: 40790, 41030, 41180
Support Levels: 40320, 40010, 39900

Expected Trading Range: 40320 - 41030

Trend: Bullish while above 40470.

Sep 11, 2024

Trade active

US30
UPDATE

the price reversed to a bearish trend to get 40000 as long as trades under 40320
the analyze active for the bearish trend