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SHORT S&P500 - SPX trading signal

Index price signals and analysis

Good morning Traders,

Today, September 14,  Lift-Off offers a SHORT trading signal on the US S&P500 index. (Ticker: SPX) after the news on the U.S. CPI.

The U.S. benchmark index, containing America's 500 most capitalized companies, suffers a -4.32% drop after the CPI, Consumer Price Index, i.e., U.S. inflation figure.

Below the chart of S&P500 - with the signal detected by Lift-Off

The CPI news:

[...]The consumer price index accelerated to an annual rate of +8.3 percent in August from +8.5 percent in July and above the +8.1 percent predicted by the market consensus gathered by Investing.com.

The energy index rose 23.8% over the 12 months compared with +32.9% in the period ended July, while the food index rose 11.4% the largest annual increase since May 1979.

The monthly rate increased by 0.1 percent from July's null figure (consensus -0.1 percent), while the core index--which excludes food and energy--increased 6.3 percent from 5.9 percent with forecast of 6.1 percent.[...]

Source: https://it.investing.com/news/economic-indicators/usa-inflation-accelerates-against-expectations-to-August-salt-also-index-core-2083158

Signal Chart September 14, 2022

SHORT- S&P500 Index - SPX

Input price: $3932.69 (and any opening price)

Area Indicative stop loss or adjustment (partial stop close): $4200.00

Area Take profit 1 on half position with zero stop: $3750.00

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