That's about the gist of this morning's action looking at the 5 min charts.
The charts of the QQQQ and SPY that have the red boxes are the areas that are "Sticking out like a soar thumb. 3C just absolutely did not confirm that move up and those who bought up there are now at a loss. I'm going to dig some more.
Is interest rates about to start going up?
-
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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