As you can see, after breaking down from the triangle, an intraday support level was put in, this is why I keep stops away from any level retail traders see as support or resistance. The market saw the stops gathered and ran them again-just look at the volume.
We had another positive divergence on that break, so t looks like the shares stopped out were accumulated by Wall Street.
This is why I keep positions small on short term divergences, if the divergence builds and it looks like a bigger move is coming, I want to be able to add in to weakness, so long as 3C is positive as it is.
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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