In my last market update about an hour ago, I thought the SPY was gong to consolidate or bounce higher intraday, it chose the second.
Here's the update of the accumulation in the 1 min chart from the last update. There's some distribution here, but it's also at a resistance level that could explain it as a consolidation, we'll have to wait and see what price and /or 3C does.
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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