This is a quick update, I'll get some charts out for a visual in a moment. The averages are showing intraday positive divergences on the shorter timeframes as the market has been forming a triangle since the open, this is a downside continuation triangle so the break to the upside will surprise a few technical traders and may set up a bigger p move to the downside which you'll see in the charts, but do look for some intraday upside volatility shortly.
Charts coming.
Is interest rates about to start going up?
-
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
No comments:
Post a Comment