A small up-trending market for NQ on Tuesday ahead of the CPI release on Wednesday. The number could get the market going again, up or down.
Key price level for NQ on Wednesday will be at 18,400, bullish above, bearish below it with key support at 18,260
CPI report release date and time: Wednesday, May 15 at 8:30 a.m. EDT. The CPI is forecast to rise 0.4% in April after increasing by 0.4% in March. Core CPI is forecast to rise 0.3% in April after rising 0.4% in March. The CPI year over year is forecast to rise to 3.4% in April from 3.5% in March.
