The main averages all have a small triangle, similar to this one in the SPY
Although volume is wrong for a consolidation at least in the SPY version, I suspect this triangle will mean something as whenever volatility pinches like this, it typically produces directional moves.
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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