Lets see if this is the 85%'er
The red trend line is the top of the ascending triangle intraday which is a bullish continuation pattern, $122 was also a target mentioned, both were hit. Check the volume on the rallies and declines. Also for those using conventional indicators, RSI gave a signal at the 2 yellow arrows, no higher high in RSI.
That support/resistance zone will usually attract prices for awhile until it give way, keep an eye on volume, it's key 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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