The SPY has done nothing ZERO! The Dow is down a bit, but the QQQQ has gained .50% or so. The Q's also formed a bearish rising wedge, a very obvious one that has seen the first of what may be several head fakes in the area. Keep an eye on this. A real move to the down side will retrace the base or should and bring the Q's back to the $51.20 area.
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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