Tomorrow should tell us a lot about how bad off this market is. the dominant price -volume relationship was price down and volume up which normally creates a 1-day oversold bounce, we also had some late day 3C positive divergences on 1 min charts. We should see a bounce correction tomorrow, but if we see resumed downside on volume, this market is in huge trouble.
If we get the bounce, it's still in trouble and you just need to keep your eye on the trend, it would be very normal to see a bounce tomorrow and healthy for a bear market as well. If we don't-watch out below.
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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