Another day on the sidelines!
Unfortunately today we were forced to sit on the sidelines and watch the CABLE tank throughout the night without getting a signal to jump in. The 4 hr. trend remained up until 4 am and after it crossed over to the downside, we never got a signal to participate. In any event there were news releases hitting at 4:30 and 8:30 am so any signal we would have gotten would have been short lived.
Tomorrow will be another day, but we must be cautious since there are a lot of news events happening.
4:30am EST- UK Average Earnings Index
8:30am EST- US Core CPI.
8:30am EST- US Core CPI.
So here are the charts of what the day looked like.
I will talk to you soon.
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