6C 06 12 (1 Min) 03.23.12

3/23/2012 Monthly Core CPI / CPI Report (0100 HI time / 0700 EDT)
Core CPI Forecast: 0.3%
Core CPI Actual: 0.4%
Previous Revision: n/a
CPI Forecast: 0.4%
CPI Actual: 0.4%
Previous Revision: n/a
INDECISIVE
Started @ 0.9977
1st Peak @ 0.9984 / Reverse to 0.9972 – 0101 (1 min)
7 ticks / -5 ticks

Notes: Barely positive report exceeding the forecast for the core reading, but matching the regular CPI reading. This caused an initial tepid spike of 7 ticks that quickly retreated after crossing the 50 SMA and hitting the 100 SMA. Then as a moderate downtrend was in effect, it gave up the gains and fell 12 ticks to recoiling off of the SMAs. After a few minutes of sideways action, the influence was outlived and the market resumed falling.