RTY/IWM DAILY CHART WEEK OF PPI, CPI, POWELL
- Price still consolidating around the breaker. Price will need to close above 2087 to start making its way back above 2100.
If not, we can see price push to the FVG lower at 2035 and lower.
- RTY are full of small/mid cap stocks that work with small balance sheets and deal in leverage. They are the most sensitive to rates since most of CASH POOR. If we get a hot CPI report signaling a delay in rate cuts, this indice will sell heavy
- Flip side, if CPI comes in COOL or inlines , we can see this indice rally hard on the notion it will get some relief for the companies involved
If not, we can see price push to the FVG lower at 2035 and lower.
- RTY are full of small/mid cap stocks that work with small balance sheets and deal in leverage. They are the most sensitive to rates since most of CASH POOR. If we get a hot CPI report signaling a delay in rate cuts, this indice will sell heavy
- Flip side, if CPI comes in COOL or inlines , we can see this indice rally hard on the notion it will get some relief for the companies involved