My last market update I showed you the early signs of an intraday pullback, here's the updated charts.
DIA 5 min 3C and 50 bar moving average-target $109.75 would be a reasonable minimum target.
QQQ 5 min 3C/50 bar m.a. The 50 bar m.a. about lines up with the small intraday double bottom breakout area, thus this are makes some sense to me as a support zone.
The same on the SPY, everything that applies to the QQQ applies to the SPY here.
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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