As ALWAYS, intraday traders just got stopped out by putting stops exactly at intraday support. This s why we don't put stops at obvious levels, remember if you put in a limit order (buy/stop) the market can see it, but intraday lows as support is always an obvious one.
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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