According to our Elliott Wave analysis, the markets are getting ready for the CPI report, and the SPX500 is expected to drop strongly this week. At the same time, the EUR/USD is finishing a distribution process to push prices lower to the 0.9950 area.

The Elliott Wave theory helps understand the chaotic market cycles by labeling the price swings. Watch in the weekly video the theory in action and get insights on the SPX500 and EURUSD.