The market is now moving into that resistance zone again...
60 min chart-resistance zone in red
And here's the 1 min action in the SPY in the area. I still feel like the market is going to have to pullback a bit and build a stronger positive divergence.
I've taken some profits out of leveraged long market ETFs for the time being.
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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