2/15/2012 Monthly Industrial Production (0415 HI time / 0915 EST)
Previous revision:+0.6% to 1.0%
Spike / RETRACE
Started @ 101.76
1st Peak @ 101.67 – 0415 (1 min)
Retrace to 101.82 – 0420 (5 min)
Notes: Report fell well short of forecast, but previous report was revised largely upward. These offset, but the current report negativity drove the small reaction. With the SMAs in a FIST, the spikes were reined in to just a few ticks. If it had been all good news, the price could have spiked up and cleared the FIST.