I like how the market is responding, a head fake move below the pennant in early morning trade is just perfect and now the SPX is back inside the pennant. FX (EUR/USD) look good too, the longer term charts never changed and have stayed consistient.
It almost looks as if news is out or coming out in Europe.
Euro bouncing off long term trend line.
Euro intraday 3 min
Euro positive leading 30 min
$USD intraday 3 min
$USD negative leading 30 min.
It sure seems like some one knows something.
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
No comments:
Post a Comment