It's a hard call as they continue to look very bad, in addition, often very tight, dull looking price ranges are where we see the heaviest underlying activity, all of the Index futures look like this...
All still have deep leading negative divergences like ES above and all have SUPERR TIGHT ranges, very strange and manipulated looking.
We'll see where they lead, but if I hadn't seen the 3C charts of the averages, I'd say we are looking at a significant decline to the downside overnight starting soon.
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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