My assumption is the market is going to build a bigger divergence, this is still not very big or strong, but it needs to move emotions, today didn't do that.
I'd say look for the SPY to pullback to $165.8- or so and accumulation to pick up on the second leg of a small "W". We'll set some new positions there.
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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