It looks like an intraday bounce is coming, it may carry over to Monday morning, but I kind of doubt that.
The first 3 charts show positive divergences on the 1,5,10 min charts, not surprising as we've been trending down all day, it's a relief bounce or shakeout, nothing I'm to concerned about. The 4th chart, the 30 min continues to show the bigger picture which is considerably ugly.
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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