This however is the strongest signal I've seen suggesting the gap will be faded to the upside.
An opening negative divergence on the dollar (via UUP) which trades opposite of the market. It's not fully formed yet, but it does appear to be there working on it. Remember, to fade the gap down, they need to be buyers down here, so unless another wave of selling starts, I'd assume for the moment that is the higher probability, at least for the a.m. trade.
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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