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The last update I warned of the test of the high of the day about the high of the day being retested several minutes before the move got under way. At 1:56 p.m. we saw another divergence, this one negative, again small but inline with the larger trend. Now I'm watching (micro-outlook wise) for the trend line created by that test to be broken around $111.25 (SPY). 3C is back inline on the micro view with price which is starting to move back down.
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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