I update Apple as a market belwhether as it is often used as a momentum frontrunner.
Going in to the close, here's what AAPL looked like...
There's a decent bit of distribution in to that afternoon run which only got worse as the day wore on.
A slightly longer chart shows the same.
I wouldn't be surprised to see ES go negative in the next few hours.
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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