Very early Thursday a.m. I posted on the dollar and how it seems to be under accumulation, but in a very tight and specific zone, very low in the range.
30 min chart showing accumulation areas.
Now that UUP is up .80% today, it looks like the specialist may be trying to knock it down again back into the accumulation zone. This divergence hasn't made it to the 5 min chart yet, but it's very early.
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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