Earlier I said I'd expect a dominant Price/Volume relationship in the market today.
Here it is, dominant and across all the major averages.
NASDAQ 100 components
Russell 2K Components
SPX Components
Dow 30 Components.
All are dominant, all are the same, Close Down and Volume Up. In the context of where price is, this relationship is considered short term oversold and again, points to a probable bounce tomorrow.
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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