Everything is looking a little scary here with this parabolic move, only the IWM which is still playing catchup, has any underlying support at all. Again the Dow has no volume support at all > $13k.
The Gap up in to breakout territory would set up a nice one day key reversal, we'll see what the market thinks of the F_O_M_C in 2.5 hours...
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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