As I thought, the market fell to the support level that I figured support would kick in.
The support area at the "W" intraday bottom breakout as well as the 50 bar 5 min moving average.
You can see 3C s showing a little fight being put up at this support level, we'll see if it holds.
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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