If we can get a gap fill soon, I may consider some SPY Puts.
The longer term price action (bearish wedge) with a probable false breakout (white box) with a leading negative divergence in place, looks like this may be a major turning point.
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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