Annual Data Not to Be Published in US October Inflation

The failure to publish annual data in October inflation is a source of uncertainty for the market, but it is not a standalone directional driver. The SPX fell 2% over the past 24 hours to 7,549 and is trading just below its SMA50 (7,554), presenting a weak short-term picture. The RSI is at 54.6 in neutral territory, while the MACD is negative but above its signal line, suggesting momentum recovery. The data gap may increase volatility, but it is not a clear catalyst for direction. I therefore expect a sideways, range-bound course in the short term.

Technical indicators already point to a weak picture: the RSI sits at 35, close to the oversold region; prices are below both the 20‑day and 50‑day simple moving averages; and the MACD is slightly below its signal line. While the absence of data may increase uncertainty about the Fed’s rate path, the dollar could still exhibit a limited short‑term rebound. However, negative momentum and fragile support levels contribute to high directional uncertainty. A neutral to slightly bearish trend is expected over a 1‑3 day horizon.