6C 06 12 (1 Min) 01.20.12

1/20/2012 Monthly Core CPI / CPI Report (0200 HI time / 0700 EST)
Core CPI Forecast: -0.2%
Core CPI Actual: -0.5%
Previous Revision: n/a
CPI Forecast: -0.1%
CPI Actual: -0.6%
Previous Revision: n/a
SPIKE / REVERSE
Started @ 0.9830
1st Peak @ 0.9807 – 0202 (2 min)
23 ticks

Reversal to 0.9827 – 0206 (6 min)
20 ticks

Notes: Strongly negative report falling well short of the forecast for both the core and regular CPI readings. This caused a spike downward of 23 ticks, that crossed the 200 SMA at the origin and briefly dipped below the S2 pivot line. The reversal reclaimed most of the spike in 4 minutes after the peak was hit.