It looks like an intraday decline is about to begin. I don't see this as a huge move down and will not be entering any positions for it, but some of you shorter term day traders may be interested. I do believe I see a pattern developing here, look for support around SPY $210.40 on this move.
I'll have some charts and a possible USO put trade idea out in a few minutes.
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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