With yesterdays inflation report indicating a moderate increase in prices taking (by taking somewhat of a pause) some sectors like food,& shelter however experienced large price increases, hence we can see that inflation is still persisting.
exprets predict no cuts in june for interest rates slowing economic growth,
higher inflation erodes purchasing power.
Im expecting a bearish impulse continuation for a downtrending market
I placed a series of zig zags cause i expect my trend might just continue back higher at one of these points cause its not looking too good (my confluence then will be a simple gator cross)
all in all its showing some sort of progress which is enough for these darn markets to push it down but when logic kicks in it might continue to push higher
exprets predict no cuts in june for interest rates slowing economic growth,
higher inflation erodes purchasing power.
Im expecting a bearish impulse continuation for a downtrending market
I placed a series of zig zags cause i expect my trend might just continue back higher at one of these points cause its not looking too good (my confluence then will be a simple gator cross)
all in all its showing some sort of progress which is enough for these darn markets to push it down but when logic kicks in it might continue to push higher
Comment:
Its going back down
my strategy is that im a time traveller from the future who knows exactly whats going to happen so follow like comment