DIA has given up a bit as it was as high as +.72% today, so far it's the furthest from the next downside support test.
The IWM has started the test of a minor support level and thus far has broken below. The IWM was the a strong performer today up as much as +1.9%, it has given back a quite a bit.
The Q's are also at the same area as the IWM and are at a gain of +.23% from an earlier high of .92%, perhaps showing some of the worst relative performance.
The SPY has a little ways to go until the next test. The SPY were as high as .74% earlier.
After the last bounce shown with the Tick Index briefly trending up, it's now moving back to a downtrend as these averages test intraday support levels
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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