Last Friday pivot point R1 was resistance, today we blasted through tht level and pivot R2 is now resistane.
The daily pivot points with R2 as current resistance . Notice how the consolidation has fallen within the body of the Aug 8th candle.
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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