The rally started before the GDP numbers so you can say was it
in expectation of a good number or was it just technical.
That's where marrying the news and the action doesn't always
provide a clear picture. Regardless the numbers are below and
we are higher.
GDP price index up 2.8% vs. consensus of
2.0% for the quarter
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Futures
Posted by tom on 26th of Oct 2012 at 07:36 am
A look at the 5 minute and 4 hour ES charts this morning. Some positive divergence on the 4 hour but nothing to really get worked up over yet.
One more update post this
Posted by tom on 26th of Oct 2012 at 08:56 am
One more update post this morning rally.
The rally started before the
Posted by tom on 26th of Oct 2012 at 09:02 am
The rally started before the GDP numbers so you can say was it in expectation of a good number or was it just technical. That's where marrying the news and the action doesn't always provide a clear picture. Regardless the numbers are below and we are higher.
GDP price index up 2.8% vs. consensus of 2.0% for the quarter