Keep in mind the sector rotation and specifically Energy as USO moves up intraday to fill the gap.
Financials are sliding in the afternoon...
Tech has been sliding all day, probably partly explaining the 3C IWM/QQQ charts looking the way they do.
And in red, Energy is tracking or I should say leading the SPX nearly tick for tick, but largely on a gap fill.
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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