So far a nice gap up, 3C 1 min is confirming the gap and is trading in line (confirmation)
with price thus far. However, as we all know, the first 90 minutes of trade is largely centered on taking advantage of retail so we'll keep an eye on the situation and be on the lookout for some volume to come creeping in.
Financials (XLF) will be crucial, they need to firm up, last Friday they were the weak link.
Is interest rates about to start going up?
-
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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