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13th February 2018
Free discussion forum for the FTSE 100, Dax, S&P and gold (and anything else!)
Markets on hold until US CPI tomorrow.
It's the latest big deal for traders. But gradually, they will probably become numb to it just as they did with tapering.
Agree we’re on hold until tomorrow really. All the last few weeks have done is to remind me not to read the likes of CNBC or twitter.. yanks are too emotional. Near the top it was ‘overbought RSI is bullish, sign of strength not weakness and market won’t go down without some sideway trading first’. Then it was ‘blame the algos, fundamentals are still good market will come back’ just before it fell another 5%. Now it’s ‘has this rebound come too far too fast’. They’re literally on the wrong side every time. Expect it to rally more so they can declare its definitely over, then more selling can begin. Would be extremely odd if we went back to the lows again here without a proper countertrend rally failing