There are some signs that the parabolic intraday move is running in to headwinds again, I'll need to look further to figure out what they are.
For the time being, a pullback/consolidation looks probable.
1 min SPY
2 min SPY leading negative intraday. That is really a parabolic move, even though it is small/intraday.
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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