Why is this important, because the pros trade the close.
The Dow is now below its open
The pace of selling is picking up into the close
QQQ selling on the close on volume
SPY as well.
And as expected, ES broke its VWAP on the heaviest volume of the day.
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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