At first I thought, ok, here comes the closing rumor to lift the market in to the close, I don't see much support for it though in underlying action. Maybe the robots tried to get a momentum chasing rally started?
SPY volume and price spikes a bit
Even on the shortest term chart, there's no accumulation and in fact some distribution thus far.
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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