We knew $110 would be a strong level of support so a bounce from there makes perfect sense. The TRIN levels were hitting above 1.50 so that makes sense too and 3C is just starting a 1 min divergence.
MCD was the short that triggered the limit order, this bounce may provide a decent entry into MCD if you otherwise like the trade.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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