I just wanted to show you this chart of the SPY
Last night when I talked about the many charts and breadth charts being a reason I suspected a correction as well as short term 3C charts, look at the market's trajectory since taking off and to the right, a lateral zone. As mentioned, overbought conditions can be worked off through a decline in prices or through time.
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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