Feb 152012
 


CL 03 12 (1 Min) 02.15.12

2/15/2012 Monthly Industrial Production (0415 HI time / 0915 EST)
Forecast: 0.7%
Actual:0.0%
Previous revision:+0.6% to 1.0%
Spike / RETRACE
Started @ 101.76
1st Peak @ 101.67 – 0415 (1 min)
22 ticks

Retrace to 101.82 – 0420 (5 min)
15 ticks

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.