Core CPI | JO Bracket Breakout

11/18/2011 Monthly Core CPI / CPI Report (0200 HI time / 0700 EST)
Core CPI Forecast: 0.2%
Core CPI Actual: 0.3%
Previous Revision: n/a
CPI Forecast: 0.1%
CPI Actual: 0.2%
Previous Revision: n/a
SPIKE WITH 2ND PEAK
Started @ 0.9717
1st Peak @ 0.9730 – 0201 (1 min)
13 ticks

Reversal to 0.9722 – 0206 (6 min)
8 ticks

2nd Peak @ 0.9758 – 0234 (34 min)
41 ticks

Reversal to 0.9721 – 0333 (93 min)
37 ticks

Notes: Moderately strong report exceeding the forecast for both the core and regular CPI readings. This caused a spike upward of 13 ticks, going with the rally trend. It crossed no SMAs. After a small reversal, it geared up for a slower, but deliberate 2nd peak of 41 ticks in the next 28 min. The final reversal gained 37 ticks crossing the 50 and 100 SMAs, but was painstakingly slow taking about 1 hour.

10/21/2011 Monthly Core CPI / CPI Report (0100 HI time / 0700 EDT)
Core CPI Forecast: 0.2%
Core CPI Actual: 0.5%
Previous Revision: n/a
CPI Forecast: 0.1%
CPI Actual: 0.2%
Previous Revision: n/a
SPIKE WITH 2ND PEAK
Started @ 0.9798
1st Peak @ 0.9822 – 0101 (1 min)
24 ticks

Reversal to 0.9793 – 0105 (5 min)
29 ticks

2nd Peak @ 0.9848 – 0131 (31 min)
50 ticks (2x top)

Reversal to 0.9825 – 0144 (44 min)
23 ticks (3x bottom)

Notes: Healthy strong report exceeding the forecast for both the core and regular CPI readings. This caused a spike upward of 24 ticks, going with the rally trend. It crossed no SMAs, although it shed most of its gains on the latter half of the :01 candle. The initial reversal recovered more ticks than the spike and was achieved in only 5 min. Then it geared up for a slower, but deliberate 2nd peak of 50 ticks in the next 26 min. The final reversal recaptured 23 ticks in 13 min with a triple bottom.

6C 06 12 (1 Min) 11.18.11

6C 06 12 (1 Min) 10.21.11