At this point we should see a lot of buying as this is our downtrend reversal point
This 1 min chart suggests early weakness, but every other chart is positive, so the weakness should be short lived, but for new members, it may offer an opportunity to get long. As I've said, 2 of the Ultra/3x ETFs is enough exposure, 1 should be market representative (QLD, UWM, etc) and the other financial (SKF/FAS). Don't panic if we see early weakness, you know now that it is likely, but also likely short in duration.
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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