
8/2/2015 CNY HSBC Final Manufacturing PMI (2145 EDT)
Forecast: 48.3
Actual: 47.8
SPIKE / REVERSE
Started @ 2.3545
1st Peak @ 2.3480 – 2147:08 (3 min)
13 ticks
Reversal to 2.3550 – 2151 (6 min)
14 ticks
Pullback to 2.3505 – 2153 (8 min)
9 ticks
Reversal to 2.3575 – 2214 (29 min)
14 ticks
Notes: Report fell short of the forecast by 0.5 pts to cause a short move of 13 ticks in a little over 2 min. It started on the 3 Major SMAs and fell to cross the S1 Pivot. This would have filled your short entry at 2.3535 with no slippage, then trickled down to the S1 Pivot to allow up to 10 ticks to be captured. After that it reversed 14 ticks in 3 min to the 200 SMA before pulling back 9 ticks in 2 min. Then it reversed 14 ticks in 21 min after crossing the OOD.