Last night I said the mid-term charts were all over the place, the mid-term is what shows reversals like what we are seeing now and the last bounce that we caught long. I think the market is changing directions so fast that they hadn't caught up yet. They should catch up today, it's also interesting that the 1-min chart showed weakness early and we have a LOT of early weakness.
The 5-min charts, which should normally tell us what will happen after the initial weakness are pretty much inline with price action with a bias to the downside, so they aren't saying much, but that should change fairly quickly this a.m.
Keep your eyes on both sites-Trade-Gulid and WOWS for all updates.
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
No comments:
Post a Comment