As 3C signaled yesterday, the dollar would gain today, taking equities oil and PMs down. It didn't take Gold down as there has apparently been a flight to safety, however silver s slightly down to flat, equities and oil are down.
UUP up this morning, notice yesterday's flat range common in distribution and accumulation (15 min chart)
Here's the 3C positive divergence from yesterday and confirmation this morning thus far. (1 min 3C)
Note the distribution before UUP fell and the flat range, plus yesterday's accumulation (3C 10 min chart)
Here's USO, down below its 50-bar m.a. on a 15 min chart.
Here were the signals from yesterday USO would pullback today and confirmation of ths morning thus far (3C 1 min chart)
This is a 50-bar 60 min chart and where I suspect USO will find some support. This area would be right around S3 on the daily chart.
As mentioned, GLD is up, but the early confirmation is not very good.
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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