All of the averages have broken support, it was an obvious level so it's not too surprising it was broken, the way it was broken was pretty sharp and emotionally powerful, it's also very parabolic.
Daily support from earlier broken.
QQQ 1 min chart, a very sharp break.
Q's one of the first to show anything slightly positive on the 1 min timeframe, also seeing the most powerful break.
The SPY is moving in line with the market.
I would keep an eye on the Q's, we may see a quick shift there.
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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