Pre CPI set up
Trade Setup
We do believe its pretty interesting that we are just sitting above major Vwap supports in both the Nasdaq and the SP futures right as we approach CPI and FOMC. We have rolled contracts to March so let’s look at the charts to see where we stand. As far as the March Nasdaq contract, 11735 is huge, we feel above here we can push toward 12100, but a firm break and we are back to the longer term buy zone near 11400:
