So far it looks like the Euro did try to kiss that pattern good bye and is starting to turn down, I'll feel better on a new low.
The SPY, DIA , QQQ and to a lesser extent, the IWM all have this interesting candle with a long wick on heavy volume-the long wick represents higher prices being rejected and combined with heavy volume and no price gains, is often bearish churning.
The DIA
The QQQ
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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