Todays #CPI data will be the market makers for the next week.
Inflation and Consumer Prices are one of the most important economic sentiment indicators.
If the Inflation is in line or better than expected, the #marketrecovery can continue.
Daily $CSI Update!
China markets dont look as bad as european markets.
Looks like a breakout upwards to the next target at 4.200 CNY.
$CSI needs a retest of the current resistance to confirm uptrend.
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$SPX 4h
still looks like a bear flag and we just hit the upper trendline..
next target 3.800$ (lower trendline)
an upside breakout would be very unlikely
#recession continues
$TSLA operates in the business segment "automotive", where 95% of revenue are generated from
regardless of their own overvaluation, the automotive industry will decline sharply during the #recession
$TSLA needs a strong US- and China-economy to keep growing the next 2 years
$DXY #Dollar Index is retesting the upper trendline..
if confirmed it could be that this was already the bottom
so #indices and #StockMarket will come under more pressure
$TSLA reaches first superior support.. but still looks bearish...
we may see a stronger recovery from this support before we see lower lows again (200ma + LT support)
C-Value (Consyder Fair Value)
- current C-Value (next target): 106.81$
- forecast 3-5Y C-Value: 262.86$
$SPX bull and bear scenario!
#bullish, finished 12345 downtrend with following ABC correction, C-Wave Target 4.600$
#bearish, superior ZigZag correction, last ABC-correction finished with now following 12345-downtrend
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