The price action recently in the market looks like an algo driven ramp, either that or short covering, but we're not really in a place to expect short covering like this. Perhaps they will try to take the market to our target?
The DIA did break a downtrend line, but it really doesn't look like short covering to me.
Here's the same in the Q's...
And in the SPY...
Note there was no significant positive divergence in the SPY. This looks like an algo driven ramp.
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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