As mentioned last night the G20 would have some effect on the market this a.m., although I think it will be similar to the Fed Effect in which the market has an initial reaction and then a different one. Right now the Dollar is starting to gain back a little ground lost last night and is at a resistance point.
The averages look set for a dip, maybe a turn depending on the 1 min chart carrying over to the 5 min. I'll get those up next post coming right up.
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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