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We expect a $2219 movement on SM within the next 4 hours.

Based on past United States Michigan Consumer Sentiment Prel news events there is a 75% chance of SM trending downwards. We expect this to happen because the released value is < 68.5. A price movement of 650 pips is expected. Historical events that allowed us to draw this conclusion

14 Jun 14:00
10 May 14:00
12 Apr 14:00
15 Mar 14:00
13 Oct 14:00
15 Sep 14:00

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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