As I mentioned, I expect the market to pullback, we have seen a little of that, but there are also the head fake game we must be aware of and not panic when they arrive as the most likely will.
So here are a couple of inverse ETFs or Bear ETFs, FAZ-Financials and TZA-Small Cap Bear
TZA 1 min positive divergence suggesting a short term pullback in the market.
FAZ 1 min hart is also showing signs of a positive divergence, so financials should pull back.
Here's the 5 min chart that carries a little more weight, suggesting a little deeper correction-perhaps the head fake.
TZA 5 min chart is also looking a bit bullish here, also suggesting it's likely the market will see some sort of head fake pullback soon.
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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