Like I mentioned many times last week, the IWM was playing catch up, it was the furthest from a break of resistance that bulls would chase.
It's also the first intraday to move, at least more seriously then the others. At the white arrow there's big volume but those were the highs for the IWM, possible churning there...
If the averages can hold lateral and the TICK can break down badly, I would consider a quick options fade trade
Is interest rates about to start going up?
-
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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