We expect a $1984 movement on SM within the next 4 hours. We expect SM to trend downwards 4 hours following the Michigan Consumer Sentiment Prel events in United States release because the released value is < 63.1. A price movement of 65 pips is expected. Historical events that allowed us to draw this conclusion
07 Feb 15:00 |
11 Oct 14:00 |
12 Jul 14:00 |
14 Jun 14:00 |
10 May 14:00 |
12 Apr 14:00 |
15 Mar 14:00 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
