I'm writing the Daily Wrap right now and was just explaining why I didn't fill out the UVXY short and the IWM calls, it has everything to do with the SPX's 200-day moving average as you'll see when the Daily Wrap is posted, but until then, along the lines of my reasoning, the intraday Index futures are getting pretty ugly going in to the overnight session.
ES 1 min
NQ 1 min/NASDA 100 futures
And Russell 2000 futures which have been in line pretty much all day, now diverging.
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
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