OCTOBER $SPY DUMP?? Simple 5 min $SPY TA Perspective

2 years ago
2

We have seen a straight liquidity sweep and a relief rally last week as the whole week was green then all the weeks gains Were erased by one RED day... I am looking to load up on some more puts soon.
-We have closed for the second WEEKLY candle BELOW the 200EMA which makes us even more bearish
- On the monthly we have a strong sell candle and then a potential Bear rectengle
- we might have another Relief rally week again
- CPI DATA Comes out Thursday
-Looking for LONG TERM continuation of the downtrend and a short term move to the up side
-Depending on CPI will tell us how its gonna go till the next FOMC meeting
Key dates:

**OCT 12th -**
7:30: PPI - Producer price index --Finished goods
1:00 - FOMC MEETING MINUTES **Document release not speech**

**OCT 13th -**
7:30: CPI month over month
CPI YOY
CORE CPI
Unemployment updates
**OCT 14th -**
7:30:CORE RETAIL SALES
9:00 UOM Consumer Sentiment release

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