Here's the 50 bar 5 minute chart watched by many day traders and the SPY has seen support there all morning until the last 10 minutes or so.
SPY 1 min
SPY 2 min
SPY 5 min
These aren't the "jump off the chart" signals I'd like to see to enter a trade, but I'm not sure we can expect that today unless a major program is set to kick in at some point today.
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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