Ok, this is the strength I was seeing last night, the 1 min 3C is inline , confirming the price trend, but on the 5 min we are starting to see more distribution.
WFC which reports tomorrow is seeing short term 1 min negative divergence, but in the other timeframes it appears to be pretty positive. My guess "GUESS!" would be that they have good reaction to earnings Wednesday-keep an eye on that one it, may be worth a shot with a tight stop.
I'd think the market will pullback around 3-3:30 and then finish strong.
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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