If you like the MMM short trade, it has just hit a gap level, gaps often provide good support/resistance which means a bounce here can offer a better entry.
1 min showing a positive divergence (bounce) around gap support.
The hourly chart however, shows MMM in a long divergence on a 60 min chart, a decent bounce would lessen the risk of a short position.
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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