The upside expectations for today posted yesterday, which should become a part of the reversal process, although it's rarely evident until it has already occurred, looks like intraday has reached its peak and we should be seeing some intraday downside, although I'd imagine a green close still.
USO also looks like it has hit an intraday high and I'm seriously considering a small add-to Put position in addition to yesterday's as long as it doesn't violate risk management position size rules.
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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