For expediency I'm covering the short-mid term charts for today with a complete update of the SPY..
First as to the immediate price action and then I'll bring you the rest...
The 1 min chart of SPY as to the current price move. Yesterday's action that I said seemed like a set up is in the small red box, which 3C was negative in to. Currently price is a bit higher then the morning lows with 3C lower. I don't expect this current intraday bounce to produce much.
The bigger update is next.
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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